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How to: Set Up Payment Days and Non-Payment Periods

Payment days and non-payment periods are used to calculate due dates. Due date calculation is used for sales and purchase documents.

A payment day is a day on which invoices are paid.

A non-payment period is a range of dates during which the company does not make payments. This functionality is often used for holiday periods.

For sales and purchase invoices, the customer and vendor payment days and non-payment periods are taken into account.

To set up payment days and non-payment periods for a company

  1. In the Search box, enter Company Information, and then choose the related link.

  2. Expand the Payments FastTab.

  3. Fill in the fields as described in the following table.

    Field Description

    Payment Days Code

    Enter the payment day code.

    Non-Paymt. Periods Code

    Enter the non-payment periods code.

  4. To open the Payment Days window, on the Navigate tab, in the Payments group, choose Payment Days.

  5. In the Payment Days window, in the Payment Day field, enter the payment day for the company.

  6. Choose the OK button.

  7. To open the Non-Payment Periods window, on the Navigate tab, in the Payments group, choose Non-Payment Periods.

  8. Enter information into the relevant fields.

  9. Choose the OK button.

To set up payment days for customers and vendors

  1. In the Search box, enter Customers or enter Vendors, and then choose the related link.

  2. Select the required customer or vendor, and then, on the Navigate tab, in the Customers or Vendors group, choose Payment Days.

  3. In the Payment Days window, in the Payment Day field, enter the payment day for the customer or vendor.

  4. Choose the OK button.

To set up non-payment periods for customers and vendors

  1. In the Search box, enter Customers or enter Vendors, and then choose the related link.

  2. Select the required customer or vendor, and then, on the Navigate tab, in the Customers or Vendors group, choose Non-Payment Periods.

  3. Fill in the fields as described in the following table.

    Field Description

    From Date

    Enter the starting date for the non-payment period.

    To Date

    Enter the ending date for the non-payment period.

    Description

    Enter a description.

  4. Choose the OK button.

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