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
To change a maturity Date of an Approved Invoice, open the Invoice from the Ledger and select the Set maturity date option from the 3 dots menu in the upper right corner.
Update Maturity Date - Multiple Invoices
To change the maturity Date of one or more Approved Invoices in the Ledger, select them using the checkboxes on the left. Then, click the Set maturity date button in the bottom right.
All the selected Invoices must be approved in order to change the maturity date.
Select the desired maturity date in the dialog box and click the Set maturity date button.
Note
What is the difference between Payment due date and Maturity due date?
The Payment due date of an Invoice is calculated using payment terms specified by the buyer in a Purchase Order and then used to determine the Invoice maturity date.
The Maturity date of an Invoice is the date the Invoice will be paid. A maturity date is always a working day in the program calendar. Maturity date is calculated when an Invoice is approved. If the payment due date is a working day in the program calendar, maturity date is set to the payment due date. Otherwise, maturity date is set to the next working day in the program calendar.
Before payment is due, the buyer can manually change the maturity date.
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