Future Dated Invoices

[michael_boucher2]

Hi,

We have a problem whereby we have a number of customers who want to order at the end of the month, have the goods shipped at the end of the month, but have their invoice dated in the next month, as they won't actually receive the goods until the next month.

We would also need to age the invoice in our system as being ni the next month. However, we want to recognise the sale and cost of sales entries in the month in which they actually occur, not the future month.

One solution I have thought about would be to change the terms to make the invoice due as if it was posted in the next month. However, it is thought that because the terms appear on the invoice, the customer will be confused and think they have extra time to pay and double up on the time they take to pay.

Has anyone encountered a situation like this before? Any other possible solutions?

Thanks,

Michael

[former_member583013 · Accepted solution]

This is my suggestion;

Use the Document Date instead of the Posting Date in the Payment Terms area if you want to calculate the Due Date base on a future date. change the Document Date to the future date.

the posting date will be used for accounting purpose.

When you run you Aging Report, you could select the any date as the Aging Date.

Suda

[Former Member]

Hi Michael

You can hardcode payment terms in PLD if it is going to be a fixed values .

Text field - Payment term

text field - 10

Does it help to solve your issue ?

Thank you

Bishal