The Invoice Due Date is calculated based on the Payment Term defined on a Billing Contract
Standard Payment Terms for the Dynamics 365 Invoice are :
Location: Settings >Customizations >Customize the System >Entity > Invoice > Fields > paymenttermscode:
Option Set Values
- Net 30
- Disp2% 10, Net 30
- Net 45
- Net 60
- Due On Receipt
Work 365 Standard Payment Terms
Work 365 supports the following Payment Terms by default, however custom payment terms can also be created.
Navigate (3.7 & up): Work 365 > Administration > Admin Hub > Administration settings > Invoicing > Payment Terms
Navigate 3.5: Work 365 > Administration > Configuration Settings > Invoicing > Payment Terms
Note: The payment terms which will be used on Billing Contracts must be mapped. Any payment terms which will not be used on Billing Contracts do not need to be mapped.
Note: Even though Net 15 is a standard Work 365 payment term, it is not a standard payment term in Dynamics 365 on the invoice entity. Thus to leverage Net 15 a custom payment term must be created. See further below on creating custom payment terms.
- Net 15 -Maps to Net 15
- 2% 10, Net 30 -Maps to 2% 10, Net 30
- Net 30 -Maps to Net 30
- Net 45- Maps to Net 45
- Net 60- Maps to Net 60
- Net 90- Maps to Net 90
- Due On Receipt- Maps to Due On Receipt
To Create a Custom Payment Term
Under Custom Payment Terms hit +Add new Term
Add a name for the payment term, and a value for Due in (Days):
After hitting save, Work 365 will create this custom payment term for the Dynamics 365 Invoice entity located in Settings >Customizations >Customize the System >Entity > Invoice > Fields > paymenttermscode