We use desktop version QB, not QB online, but I guess the setup is similar.
I had that question of EOM term set up in QB as well. Here's how it works:
TO Set up EOM in Terms List:
Lists - Customer & Vendor Profile Lists - Terms List,
Edit terms, or add New:
Choose Date Driven, & input 2 days in the 2 lines:
Net due before the ___ th day of the month (A day)
Due the next month if issued within ___ days of due date (B day)
(A day) is the day of the month that you'd like to the 'due date' to show in the moth for the cheque date
(B day) is the due day
So, I use A day to schedule the cheque day, as it's good to batch the cheque issuing (payment) days to 2 (or more) times a month. I use end of the month and mi-month for cheque days that are 30th and 15 of the month for A day.
For example,
EOM 15.60: I input 15 for A day & 60 for B day. With Jan 9, 2024 invoice date, the Due date on QB is 2024-03-15.
EOM 60: I input 30 for A day & 60 for B day. With Jan 9, 2024 invoice date, the Due date on QB is 2024-03-29.
Hope this helps.
