A recent client of ours asked us if it were possible to create terms for an invoice that would allow them to make it payable 30 days onwards from the end of the month the invoice was raised.

For example: creating conditions where an invoice made on 07/05/18 would instead be due on the 30/06/18 as opposed to the 31/05/18.

How?

1. Firstly, go into your QuickBooks account and select ‘Account and Settings’ found under the ‘Company Cog’ in the top right corner.

2. Navigate to the ‘Sales ‘option on the left-hand side, click on ‘Sales form content’, select the drop-down menu option to the right-hand side of Preferred invoice terms’ and then select ‘Add new’.

3. As seen below, start by entering in the correct name for the term you are using, which in this case would be ‘30 days from the end of the month’.

4. As you want the invoice to be due by the last day of the month, select the option ‘Due by certain day of the month’ and enter ‘31’ into the first box.

5. As you want the invoice to be made payable 30 days after the due date enter ‘30’ into the box named ‘Due the next month if issued within’.

6. Finally, it will give you the option to apply a discount if the payment is made early which you may enter if you offer such terms, otherwise click save.

 Now, whenever you create an invoice, under the ‘Terms’ drop-down menu it will give you the option to select the new term you have just created making it possible to make the amount payable 30 days from the end of the month.

Watch my YouTube video for further help!

https://www.youtube.com/watch?v=c6AbAYC5Cd8