Calculating due date for recurring bills
Things to know
- When creating recurring bills, PayMaker calculates the Bill Date (GL Posting Date) based on the Due Date minus the vendor's Payment Terms
- If there are no payment terms established for a vendor, the Bill Date will be equal to the Due Date
- To change the bill date, navigate to the vendor's page to edit the vendor's payment terms
If you do not see the described feature available in PayMaker, you may not have access to the feature based on permissions for your role and/or your plan does not have this feature. If you wish to get access to the feature, please review the available plans for PayMaker and upgrade accordingly or contact the Administrator of your PayMaker account. Changes in monthly user fees may apply.