Thanks for joining us. It's great you're using QuickBooks Desktop to accurately manage your books. Setting up the correct payment policy helps you get paid on time and build customer loyalty. I'll be happy to show you how to do that in your account.
QuickBooks Desktop already comes with a Terms list of commonly used payment terms you can choose from. You also have the flexibility to add new payment terms if you'd like. Here's how to that.
Select Lists at the top > Customer & Supplier Profile Lists > Terms List.
From the Terms drop-down on the left, choose New.
Enter your preferred name for the payment term, then choose:
Standard - If you want to have a payment due within a specific number of days from the invoice date.
Date Driven - If you want to enter the day of the month that a payment is required within the due date
Based on your customer payment terms, it sounds like you'll need to use the Date Driven approach. To help you during the set up of a NET 90 EOM 5, check out this article: Set up payment terms
If you need any further assistance, please don't hesitate to reach out to our tech support team. Here's how to get in touch.