Terms of payment (modified form)
Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2
Click Accounts receivable > Setup > Payment > Terms of payment.
–or–
Click Accounts payable > Setup > Payment > Terms of payment.
Use this form to define the terms of payment that you assign to sales orders, purchase orders, customers, and vendors in either Accounts receivable or Accounts payable.
Calculation of the due date
The due date is calculated based on the invoice date and the terms of payment that are specified for a purchase order or sales order. If you have not specified terms of payment for an order, the due date is calculated based on the invoice date and the terms of payment that are assigned to the vendor or customer.
If you are using a payment calendar, and the due date that is calculated is on a non-business day, the due date is moved to the nearest business day. The date is moved either forward or backward, depending on the selection in the Due date update field. For more information, see About payment calendars.
Note
The controls that are described in this topic apply only to your country/region. For full documentation of this form, see the following topic or topics:
Navigating the form
Fields
Field |
Description |
---|---|
Cutoff day |
Enter the day of the month after which the value in the Additional months field is applied when payment due dates are calculated. Example If the value in the Cutoff day field is 10, the value in the Additional months field is 1, and the value in the Payment day field is 25, the due dates for the following invoices would be calculated as follows:
Note The field is available only when you select Cutoff day in the Payment method field. |
Additional months |
Enter the number of months to add to the payment method to calculate the due date. Note The field is available only when you select Cutoff day in the Payment method field. |
Due date update |
Select the method that is used to modify the calculated due date based on the payment calendar. The following options are available:
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