Setting the Default Invoice Due Date
Payment types are also used to set a default invoice due date at the time of raising an invoice.
Default invoice due dates can be set as either
“x” days before the service start date (for services that you invoice in advance)
“x” days after the invoice is sent (for invoices raised at the end of service).
In this example;
The due date is “0” days after the invoice is sent. So the default due date in this example will always be the same as the invoice date (ie no grace period).
Setting the Invoice Due Date
Payment types are added to client records according to the billing cycle and due date required for each client.
Example 1. Invoice Screen with Payment Type set to "Monthly Invoiced".
In this example the Payment Type is set to Monthly Invoiced and the associated invoice due date is set as “0 days after the invoice is sent.” So the due date is calculated to be the same as the invoice date.
This can be overridden manually at the time of invoice if required.
Example 1; An Account Summary
The invoice is showing in the “payments now due” section of the account summary with the due date (automatically calculated) on the right.