Weekly Dynamic: Proximate Date Terms in Dynamics GP

Featured Post

Not long ago I had someone looking to upgrade to GP 2015, but they wanted to know if the improved Payment Terms could handle a Prox or Proximate Date arrangement something like this:

“Invoices dated on or before the 25^th of the month are due the 10^th of the next month.”

The actual term length varies depending on when the invoice is created and the monthly cutoff is a set date that is not month end.

I reached out to MS and Theresa Nistler kindly came back with the screen shot above and it worked as expected in my testing with one adjustment. The screenshot show Set Date as 25. This is appropriate for invoices dates BEFORE the 25th. If you want invoices dated ON or BEFORE the 25th you would change this to 26.

Big thanks to Theresa for which I now owe her a drink at the GPUG 2015 Summit in Reno.

The post Weekly Dynamic: Proximate Date Terms in Dynamics GP appeared first on DynamicAccounting.net.