How do you set up an advanced payment term that will set the net due date to 60 days from the last d

<Q> How do you set up an advanced payment term that will set the net due date to 60 days from the last day of the Invoice Month?

 

<A> Set up a Net Due Date Rule with the following values

 

Date  Description                                Base Mth Days

Rule                                                    Date Add Add 

TEST  60 net from 1st day of inv mo       1      2       31

 

You then create an Advanced Payment Term and you populate the Net Due Date Rule and Disc Date Rule with the Rule you created.