Add "End of Next Month" Payment Term

I would like to request an enhancement to the payment terms options in Reckon Accounts Hosted / Enterprise. Currently, there is no option to automatically set a due date as "End of Next Month" (i.e., the last day of the following month).

Many businesses, including ours, require invoices to be due on the last day of the next month, regardless of the invoice date. However, Reckon's current system does not support this. The closest options, "Net 30" or "Net 31," do not always align with the last day of the next month, particularly for months with varying lengths.

This feature is already available in QuickBooks Online, allowing users to set the due date as "End of Next Month" without manual adjustments. Implementing this in Reckon would increase efficiency, reduce errors, and eliminate the need for manual due date modifications for each invoice, which is both time-consuming and prone to mistakes.

Could this feature be considered for a future update? It would be a valuable improvement for businesses that rely on this common payment structure.

Status: Already Offered

Comments

Acctd4

@rebeccachan0802 This can be achieved by utilising the Date Driven Terms configuration rather than the Standard:

If used on an Invoice/Bill, it will then calculate the due date correctly:

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