Set your own payment terms and your own due date
Lightyear is Intelligent. It's intelligent enough to know what you mean when you say 'Number of days credit' in Supplier's defaults even to include 'From End of Month'.
So if for example, your supplier's terms are 'Net 14th after EOM' then you can set it as follows
This is done in the Suppliers
section. Just select the supplier in question and hit Edit
If there is a due date on the bill, Lightyear will generally extract that due date, however, be aware with this setting on, it will overwrite whatever is set on the bill.
Intelligent right? We think so. This puts you in control of you payrun so you can settle earlier to qualify for any early settlement discounts and get in good credit so everybody will want to do business with you.
Check out release notes for Q4 2021
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