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NowHolly70's avatar
NowHolly70
Experienced Cover User
5 years ago

Ageing Terms not picking up correctly on Statement

I have set up a test account using the ageing terms of #no of days after EOM    balance due days = 31   invoice as follows 10.3.20      $9.35 10.2.20      $9.68 25.1.20    $33.00 19.12.19  $6...
  • NowHolly70's avatar
    NowHolly70
    5 years ago

    Hi Tracey,

    Thanks for your reply.

     

    As I am setting up a new data file we just wanted to get this right.

    So after taking into consideration what you have said

    We have come up with this formula:-

    We set our customers up as

    Day of Month after EOM

    Discount = EOM

    Day = 30th

    If we set up this way

    reports are correct

    ageing is correct

    and payment due days is correct

    Statements are correct (running them at the 1st on the following mth)

    Can you see any issues with this.