If an operations invoices has a Payment Terms field, you can set up Cycle Payment, which calculates up to four Due Dates per month.
To set up Cycle Payment, do the following:
- Edit configuration flag CFGOpsEnableCyclePayments: Replace the Value with no more than four monthly Cycle Payment days, separated by commas. For example, enter 1,15 if payments are made on the first and fifteenth day of every month.
- Days past 31 will be ignored.
- If 29, 30, or 31 is entered, months with fewer days will use the last day of the month.
- On the Payment Terms form, a Cycle Pmt column appears. To enable Cycle Payment for a Code, select the Cycle Pmt check box in its row.
When an operations invoice uses a Payment Term with Cycle Payment enabled, Due Date = Period Basis + Period (rounded up to the next Cycle Payment day).