The setup of Payment Terms in NAV can be confusing.
In NAV we have various terminology that equates to a time period. For example:
Additional to this, mathematical signs can be used in the equation, for example CM+20D which is basically saying, end of the current month, + 20days. So on, or around the 20th of the next month.
Some possible entries for Payment Terms and their meaning are listed below.
|Entry||Result – Based on Date of 28 Jan 2016||Comment|
|20D||17/02/2016||+ 20 Days|
|D20||20/02/16||The next occurrence of the 20thof the month|
|CM||31/01/16||End of the current month.|
|CM+20D||20/02/16||End of the current month plus 20 days.|
|1W||4/02/16||1 week (usually from date of invoice.)|