Article Contents
Introduction
When you create invoices in Hiro in the Invoices section, the due date that is automatically applied to that new invoice is automatically set based on configurable rules. Whilst the rules are apply to each new invoice raised, you can still override the due date for an individual invoice if you need to.
Configure default trading terms
You will need to be a Hiro Global Administrator to configure default trading terms. To configure the date defaults for your trading terms on new invoices raised in Hiro:
- Within the Settings module, navigate to Invoices Settings.
- Within the top Date Defaults section, configure how your due dates are calculated on new invoices, where calculations are performed on an invoice's issue date.
- Click Save.
Changing your default due date settings does not affect existing invoices.
There are four options for how to calculate due dates on new invoices:
- of the following month
The number entered to the left of the due date options dropdown will be set due date in the month subsequent to the invoice issue date. The number must be between 1-31.
Example: if you set the due date number to "7", a new invoice with an issue date of 5 March will have its due date calculated as 7 April. - day(s) after the issue date
The number entered to the left of the due date options dropdown is added to a new invoice's issue date to calculate the due date. You can enter a number greater than 31 to set the due date multiple months in advance.
Example: if you set the due date number to "90", a new invoice with an issue date of 12 May will have its due date calculated as 10 August. - day(s) after the end of the invoice month
The last day of the issue date month is used as a starting point for calculating due dates. The number entered to the left of the due date options dropdown is added to the starting point.
Example: if you set the due date number to "60", a new invoice with an issue date of 16 July will have its due date calculated as 29 September. - of the current month
The number entered to the left of the due date options dropdown will be set due date in the current month of the invoice issue date, regardless of whether that date is before or after the issue date. The number must be between 1-31.
Example: if you set the due date number to "7", a new invoice with an issue date of 14 November will have its due date calculated as 7 November.
Configure per-contact trading terms
You can override the settings configured at the whole of organisation level outlined in this article on a per-contact basis in the Address Book. More details can be found in this article.