Payment Terms For Supplier Invoices

 Hello TomJonesCFL, Thanks for posting on the Community page, You would have to set up your own, but there's nothing really to stat 1 month from the day in QuickBooks, term 30 should cover that for you.

Thanks but no that wouldn't cover it. Month end + 30 means 

Delivery 1st of June would be payment 30th July

Delivery 7th of June would be payment 30th July

Delivery 28th of June would be payment 30th July.  

The 30 day term doesn't meet any of this.  

Hello TomJonesCFL,  if you go to main cog wheel>account and settings> sales>sales form content> preferred invoice terms> you can call it what you want and then you can choose

New Term

*Name

 Due in fixed number of days

 days

 Due by certain day of the month

 day of month

Due the next month if issued within

 days of due date

Then click save>save>done 

That is the only way to do it if that doesn’t suit you I suggest you leave feedback within the main cog wheel>feedback this gets sent straight to the developers. 

OK, I will raise it.  I must confess I was not expecting Quickbooks online to have less functionality than the Desktop version that is being discontinued.  

I am also struggling with this and the option in terms as described previously is not clear.  

My supplier invoices are due as follows:

Dated 1/11/2023 - due for payment 31/01/2024

Dated 10/11/2023 - due for payment 31/01/2024

Dated 30/11/2023 - due for payment 31/01/2024

Can anyone help with how to set this up in terms as i seem to be going around in circles

Many thanks

I'd be glad to guide you in setting up the invoice payment terms in QuickBooks Online, Gretta.

We can achieve this task by going to the Account and Setting in QuickBooks. I'll guide you on how:
 

1. From the Cog Wheel, click Account and Settings.
2. Go to Sales, then tap Sales form content.
3. From the Preferred invoice terms dropdown, select the term you want.
   
   
    
4. Press Save, then Done.

Once your customer pays their invoices, learn how to record them by utilising this article: Record invoice payments in QuickBooks Online.

I'm all ears if you have additional questions about setting up payment terms in QuickBooks. Simply leave a reply and I'll provide the necessary help.

This has nothing to do with Sales Invoices, it's purchase invoice due dates i'm struggling with.  There isn't a 'terms' that works for automatically getting the due dates right and i'm having to enter them manually which is kind of irritating and time consuming

Hi Gretta, sorry for any confusion. The terms for supplier payments can be managed from the Account & settings > Expenses tab. If you don't see the option you need when creating the custom Terms, please submit feedback to be reviewed by our team on our QuickBooks Idea Exchange Community page.