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ben_thomas
Occasional Member - Level 1

Concur Professional - Invoice - Payment Terms

Does anybody know how to setup payment terms that are:

  • End of Month (ie - regardless of the invoice date, it is payable at the end of the current month),
  • 30 Days End of Month (ie, regardless of invoice date, it is payable 30 days after the end of the current month)


These are very standard payment terms - but we are struggling to find out how to set them up in in the vendor, and have been advised by a support member that this isn't possible. If that is the case, this is really poor on Concur's behalf, but I don't have the best experience with Concur support actually knowing what is and isn't possible, so thought best to ask elsewhere. 

1 Solution
Solution
MelissaS
SAP Concur Employee
SAP Concur Employee

Hi!

 

We currently only offer payment terms of 1-999 for the Payment Terms field. This auto-calculates the due date based on Invoice Date + Payment Term Days. 

A suggestion to identify any vendors that have EOM payment term, would be to create a custom "Due EOM" field on your vendor form and setup a custom audit rule to trigger on the invoice. Although this would not update the due date, it would help to identify when the due date should be updated to EOM.  

Hope this helps! 

 

Thanks,
Missy

View solution in original post

2 REPLIES 2
Solution
MelissaS
SAP Concur Employee
SAP Concur Employee

Hi!

 

We currently only offer payment terms of 1-999 for the Payment Terms field. This auto-calculates the due date based on Invoice Date + Payment Term Days. 

A suggestion to identify any vendors that have EOM payment term, would be to create a custom "Due EOM" field on your vendor form and setup a custom audit rule to trigger on the invoice. Although this would not update the due date, it would help to identify when the due date should be updated to EOM.  

Hope this helps! 

 

Thanks,
Missy

ben_thomas
Occasional Member - Level 1

Thank you. Not what I had either hoped or expected. Disappointing that Concur doesn't support even very basic requirements of an AP System. 

 

We will need to look for a work around as an alternative. 

Thanks
Ben