You may wish to have a payable that is due the 20th of every month, and you may also wish that payable would be due this month if it was over 30 days old. You would set this up as follows:
- 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
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