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Payment Day

A payment day names the days a customer pays on: every Friday, or the 1st and the 15th of the month.

Where
Accounts Receivable › Payment › Payment Day
Who uses it
Finance controller
When
At setup, if used at all
Needs first
Nothing

What it is for​

The list is kept for reference. The Payment Day field on the customer and on the payment term is hidden as delivered, and no due date or collection reads it: a customer's due dates come from its Payment Term only.

Every field in plain words​

FieldWhat it meansWhat to put
Payment DayThe codeRequired. Must be unique
NameWhat it is calledRequired
BlockRetired
Basic Data grid: Payment Day, Week/Month, Day Of Week, Day Of MonthOne line per day: a weekday, or a day of the monthOne line per paying day

What it is connected to​

  • Payment Term decides due dates; this screen does not change them.

If something looks wrong​

  • "Payment Day can not be empty". Fill the code.
  • "Payment Day already exists". Use another code.
  • Due dates do not move to the payment day. By design: nothing reads the payment day.