Setting credit to end of month

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 our
    to stay up to date

      • Related Articles

      • Creating and Setting up Suppliers

        What are Suppliers? In Lightyear you create supplier profiles known as Suppliers which are not to be confused with Supplier Cards from your accounting software. When a map is made, Lightyear pulls the Supplier name from the invoice and saves this ...
      • What does Lightyear automate?

        Lightyear can speed up your approval process by automatically applying certain rules when a bill moves to the Approval Tab. Let's take a look at what can be automated. Mapping (Processing Tab) When you receive a bill from a supplier for the first ...
      • Save time and set up Auto Approvals

        Lightyear's Auto Approve feature allows for the smooth and fast progression of bills through Lightyear, while maintaining the operational and approval controls needed by your business. When Auto Approve is enabled, whenever a Bill Task is approved, ...
      • 3 ways to collaborate more efficiently with your suppliers

         Lightyear has features to email your suppliersfor ease of collaboration. This article will take you through the different email avenues within Lightyear and relevant settings for set up.  You can use the Lightyear email to send POs, raise a dispute ...
      • Options for automating your approvals

        This article is your one stop shop for all things related to approvals in Lightyear. This article aims to tie it altogether to ensure you have the right workflows in place to help streamline your operations and how to set them up. Departments Using ...