While an invoice is approved and before the payment is due, the maturity date can be changed by the buyer. The maturity date of an invoice can never be set to a date in the past.
You can change the maturity date of invoices individually or in bulk.
Update Maturity Date - Single Invoice
1. To change the maturity date of an Invoice, select the Invoice from the ledger.
Select an Invoice with a status approved from the Ledger and use the Set maturity date button from the screen below.
Update Maturity Date - Multiple Invoices
1. You can also change the maturity date in bulk by selecting several Invoices from the Invoices ledger.
From the Invoice document page you can use the Set maturity date button on the right of the screen to change the existing maturity date of the Invoices selected.
2. Use the Set maturity date button in the middle of the screen to change the existing maturity date of the Invoices selected.
Note
Difference between Payment due date and Maturity date.
- Payment due date is a provisional date used to determine the maturity date which does not account for non-working days.
- Maturity date is the date the Invoice will be paid and is always a working day. The payment due date and maturity date of an Invoice will be different if the payment due date is a not a working day in the program calendar or the maturity date has been manually adjusted.
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