The Terms of payment field represents the calculated due date to pay the vendor. The Terms of payment creation form is shown in the following screenshot. In order to access this form, navigate to Accounts payable | Payment setup | Terms of payment:
Identify the due date base in the Payment method combo-box, which contains six options. Assume that the vendor invoice is posted on January 1, 2018 and the number of days is 20; the due date will be changed based on the selected payment method option, as shown in the following diagram:
From the preceding diagram, we can see:
- Net: The due date will be calculated from the invoice ...
