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- Day of the month due - will be the day that the due date will be set to
- Due next month - this is the number of days that is added to the invoice date to determine if the due date should be this month or next
- Example 1
- Invoice date 1-10-2018
- We would add 30 days(Due next month) to that date 2-9-2018 - and since that would be before 2-20 it would be paid 2-20-2018
- Example 2
- Invoice date 1-22-2018
- We would add 30 days(Due next month) to that date 2-21-2018 - and since that would be after 2-20 it would be paid 3-20-2018
- Example 1
Note:
if the "Day of the Month Due" is 29,30 or 31 which would result in an invalid date in some months then it will use the month end for that month.
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