Basic information for setup Payment Terms and Payment Method as below.

For more information on date formula use in Business Central, please see Entering dates and times in Business Central - Business Central | Microsoft Docs

Step-by-step guide

  • Payment Method
    • Payment method code and payment method description
    • Balance account – use for default settlement account.
  • Payment Terms
    • Due Date Calculation Formula
    • D = Day(s)
    • M = Month(s)
    • CM = End of Current Month

Example:

Formula

Due date calculation (from “Document Date”)

30D

30 days

2W

2 weeks

D5

The next 5th day of a month

CM+10D

Current Month + 10 days