Enhanced interface

Field descriptions: Terms—Accounts Receivable

The following tables list each field on the Terms page.

Field

Description

Name

The name used to refer to the term.

This field does not support the following special characters: < > @ # & " \ '` ; =

Description

A note about the purpose and use of the term.

Status

Whether users can apply the term to AR sales invoices.

Due Section

Day

The days or day of a month in reference to the AR sales invoice date until the payment is due.

Due calculation options

Select an option for how you want the due date calculated.

Due option

Description

From AR sales invoice or AP supplier invoice date

This option calculates the due date as n days from the AR sales invoice date.

Of the month of AR sales invoice or AP supplier invoice date

This option calculates the due date as n days into the month of the AR sales invoice date.

Of the next month from AR sales invoice or AP supplier invoice date

This option calculates the due date as n days into the next month after the AR sales invoice was created.

Of the 2nd month from AR sales invoice or AP supplier invoice date

This option calculates the due date as n days into the second month after the AR sales invoice was created.

After end of month of AR sales invoice or AP supplier invoice date

This option calculates the due date after the end of the month in which the AR sales invoice was created.

When calculating the due date n days after the end of the month, Intacct uses the following formula: EOM + n days = Due date.

Example

The following table shows examples of due dates using the calculation of 30 days after end of month of AR sales invoice or AP supplier invoice date:

Invoice date	Due date	Calculation per term
Sage Intacct term: 30 days after the month of AR sales invoice
Sep/4/2025	Sep/30/2025	Sep/04-EOM Sep/30 + 30 days Oct/30/2025
Sep/28/2025	Sep/30/2025	Sep/28-EOM Sep/30 + 30 days Oct/30/2025
Oct/1/2025	Oct/31/2025	Oct/01-EOM Oct/31 + 30 days Oct/30/2025
Dec/15/2025	Dec/31/2025	Dec/15-EOM Dec/31 + 30 days Jan/30/2026

From AR sales invoice or AP supplier invoice date extending to end of month

This option rounds the due date to the end of the month.

When calculating the due date n days from AR sales invoice or AP supplier invoice date extending to the end of the month, Intacct uses the following formula: n days to EOM = Due date.

Example

The following table shows examples of due dates using the calculation of 30 days from AR sales invoice/AP supplier invoice date extending to end of month:

Invoice date	Due date	Calculation per new term
Sage Intacct term: 30 days from AR sales invoice date extending to end of month of AR sales invoice
Sep/4/2025	Oct/31/2025	Sep/04 + 30 days Oct/4 > EOM Oct/31/2025
Sep/28/2025	Oct/31/2025	Sep/28 + 30 days Sep/28 > EOM Oct/31/2025
Oct/1/2025	Oct/31/2025	Oct/01 + 30 days Oct/31 > EOM Oct/31/2025
Dec/15/2025	Jan/31/2026	Dec/15 + 30 days Jan/15 > EOM Jan/31/2026

Discount Section

Day

The days or day of the month in reference to the AR sales invoice date until the discount expires.

Amount

The value of the discount set as a fixed amount or percent. If you select fixed amount, this amount is applied using the transaction currency, without conversion.

Grace days

Enter the number of days before the discount is withdrawn.

Calculate based on

Whether the discount is calculated based on the entire transaction, including all charges, or on the total of the line items along, without added charges such as tax or shipping.

For Canadian Sales Tax users: To capture taxes for Canadian GST on the amount before the discount is applied, you must select a term discount that calculates based on the line-item total. For more information, see Capture tax on term discounts.

Penalty Section

Cycle

The time period over which a penalty accrues.

Amount

The value of the penalty set as a fixed amount or percent. The actual penalty is specified by a percentage of the AR sales invoice or by a fixed dollar amount. To specify a percentage, choose Percent from the dropdown list, and enter the percentage amount. For a fixed penalty, choose Fixed amount from the dropdown list, and enter the amount. Fixed amount penalties use the transaction currency, without conversion.

Grace days

The days after the due date until the penalty is applied.