Due Date Rule Components

Using a combination of due date components enables you to set up unlimited payment terms to meet your business needs. A due date rule can consist of any of the components listed in this table.

Component	Description
Based-on Date	An invoice date, GL date, or service/tax date.
Days to Add	The number of days that the system adds to the based-on date.
Months to Add	The number of months that the system adds to the based-on date.
Fixed Days	The same date every month, such as the 10th or 15th of each month.
Date Range	A range of days that the system uses in conjunction with other components.
Work Day Calendar	A calendar that you can use to specify the days of the week that are working days.
Work Day Rule	A rule that you can use to ensure that if a due date is on a nonworking day, the system moves it forward or backward to an actual work day. You can also specify whether to count nonworking days when calculating the due date.
Multitiered Discounts	A payment term that enables multiple discount percentages. For example, you might set up a payment term that enables your customer to receive a 20 percent discount on their invoice if it is paid within 10 days, a 10 percent discount if it is paid within 20 days, and no discount if the full amount is paid after 20 days. You can define up to five tiers of discount percentages.