If your Credit Card Statement closes on the 20th of the Month and your due date to pay the card is 21 days later:
- Creditor Terms will need to be created with Base is ‘After Roll Date’, Period as ‘Days’ with ‘No’ as 21
- These new Terms are then selected under ‘Terms Code’ in ‘Supplier Maintenance’ on the Credit Card Creditor along with the ‘Roll Date’ as 20
- If a Payment is entered with a Pay Date of 19th September the Due Date will be calculated to 11th October
If your Credit Card Statement closes on 20th of the Month and your due date to pay the Card is 27th of each month:
- Creditor Terms will need to be created with Base is ‘After Roll Date’ , Period is ‘Day of Month’ with No as 27
- These new Terms are then selected under ‘Terms Code’ in ‘Supplier Maintenance’ on the Credit Card Creditor along with the ‘Roll Date’ as 20
- If a Payment is entered with a Pay Date of 21st September the Due Date will be calculated to 27th October