How to create EOM+90 terms for a customer

don18 · ‎July 24, 2019

I have a customer who's purchase orders are given with terms EOM+90.

If it were EOM+30, I think I could figure out how to do it, but the +90 doesn't seem doable.

don18 · ‎December 10, 2020

After further experimentation last year, I actually found that setting date driven to [31]th and next month if less than [90] days actually works more or less as one would hope - you get the 28th, 30th, or 31st day of the month three months from the current one.

View solution in original post

Anonymous · ‎July 24, 2019

Hello,

Managing your sales efficiently is crucial for your business growth. The great news is, QuickBooks Desktop offers a rich feature-set where you can set up different payment terms to meet your customer's needs. To do so, follow these steps:

Select Lists at the top.
Select Customer & Supplier Profile Lists.
Select Terms List.
From the Terms drop-down menu on the left, choose New.
Enter a name for the new payment term.
Select Standard if you want to have a payment due within a specific number of days from the invoice date.
Select Date Driven if you want to enter the day of the month that a payment is required within the due date.
Select OK.

To know more about how to set up payment terms, check this community article.

Let me know if you have any other questions.

don18 · ‎July 24, 2019

WassimO, I have to ask; did you actually read my question, or just C&P the standard answer for questions with the keyword "terms" in them?

Anonymous · ‎July 24, 2019

I've read your post and provided an answer based on my understanding of the details you provided. If my reply doesn't apply to what you're trying to achieve, I'll be happy to explore further options for you. Can you clarify what you're trying to do? I'm here to help.

don18 · ‎July 24, 2019

My customer's terms are end of month + 90 days. I want to set up terms that do that, and I don't see any way to do anything more than EOM+30 using the date driven option (and I'm not sure that that would work either)

Anonymous · ‎July 24, 2019

You're right and I see exactly what you mean. To create EOM+ (n days) terms, the date driven option is the way to go. That being said, the system is limited to EOM+30 days due to the option being " Due the next month if issued within x days of due date".

At this level, I can't see any possible workarounds. I'll make sure to forward this to my development team. I'll also leave the conversation open so our users that experienced this situation can comment.

don18 · ‎July 24, 2019

Okay, thanks for your help WassimO. I'll just use Net 90 in the meantime.

Anonymous · ‎July 24, 2019

You're welcome don18. Have a great evening!

FCBiz · ‎December 10, 2020

I have the same issue with a couple of my customers. This seems to be a trend that is happening with larger Fortune 100 customers. End of Month (EOM) net 30 or 45 or 60 days. I wish I could create a custom term or program it as a custom term.

JamesM · ‎December 10, 2020

Hi FCBiz. Thanks for chiming in on this thread. I can see the importance of being able to create a custom term and I encourage sending feedback about this to our engineers. You can do this by clicking the Help menu and looking for Send Feedback Online. New product features and improvements are largely based on the valuable feedback we get from users like you. Let me know if you have other questions, I'm here to assist.

don18 · ‎December 10, 2020

After further experimentation last year, I actually found that setting date driven to [31]th and next month if less than [90] days actually works more or less as one would hope - you get the 28th, 30th, or 31st day of the month three months from the current one.

PatriciaT · ‎December 10, 2020

Hi don18,

I'm glad to hear you were able to find a solution that meets your business needs, and I appreciate you sharing this with the community family.

You're always welcome to stop by if you need anything else.

Take care!

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How to create EOM+90 terms for a customer