Many charge accounts and credit cards need not only a discount date and the number of days until the due date, but the cutoff date as well.
Example the statement cuts off on the 25th, all charges on or before the 25th are due on the 15th next month.
this never works right in Sage as it is currently not using a mid-month cutoff as many of our accounts have. so we must manually add the due date. adding one more field to the Vendor record is the smartest option and to add one more due type such as XXnext (to indicate the 15th of next month)

by: Kathy R. | 6 months ago | Accounts Payable