Payment Day
A Payment Day names days on which payments are made: a weekday or a day of the month. It is recorded only. The Payment Term field that would use it is hidden, and no due date is moved to a payment day.
What it is for
A label for a payment calendar. Not used by any document.
Every field in plain words
| Field | What it means | What to put |
|---|---|---|
| Payment Day | The code | Unique |
| Name | The name | Required |
| Block | Stops it being picked | Tick to block |
| Week/Month, Day Of Week, Day Of Month | The days | One line per day |
How to configure it
Leave it unless the client wants it recorded.
Scenarios
- A client pays vendors only on Fridays. Not supported as an automatic rule: due dates are not moved to a payment day. Pay the instalments whose due date has come, as the payment lists them.
What it is connected to
- Payment Term (hidden Payment Day field).
If something looks wrong
- Due dates ignore the payment day. Expected today.