Create Due Date From Payment
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YouTube: How to Calculate Due Date Based on Payment Terms in Journal Vouchers?
In this tutorial, we will learn how to automatically generate the Due Date during Journal Voucher entry using the Create Due Date from Payment option in Logic ERP. This feature automatically calculates and populates the Due Date based on the Payment Terms or Credit Days defined in the Account Master.
Automatically generate Due Dates during Journal Voucher entry.
Reduce manual Due Date calculations.
Ensure consistency with defined Payment Terms.
Improve receivable and payable tracking.
Minimize data entry errors.
Go to the Menu Bar
Open Journal Voucher Configuration from the Configuration Menu
Select the required Journal Voucher Configuration.
Navigate to the Other Options section.
Locate and enable the option labeled as:
"Create Due Date from Payment"
Save the configuration.
When enabled, the software automatically calculates the Due Date using the Payment Terms or Credit Days defined in the selected Party Account.
Action
Open the Journal Voucher Entry window.
Initiate a New Journal Voucher entry.
Select the required Party Account.
Result
As soon as the Party Account is selected:
The software automatically calculates the Due Date.
The Due Date is populated based on the Payment Terms defined for that account.
No manual Due Date entry is required.
To understand how the Due Date is calculated, let's review where the Payment Terms are defined.
Navigation Path
Press F2 to open the Account Master Setup window.
Search and select the required Account.
Click Other Details.
In the next window, click Other Details again.
Payment Terms Configuration
Here you will find the Payment Terms option
This section contains:
No of Days
Discount
Interest
Example
If the Payment Terms specify:
No of Days: 15 Days
And the Voucher Date is:
08-June-2026
The software automatically generates:
Due Date: 23-June-2026
Eliminates manual Due Date calculation.
Ensures consistency across transactions.
Improves payment tracking and follow-up.
Reduces data entry effort.
Enhances receivable and payable management.
Maintain accurate Payment Terms in the Account Master.
Review Credit Days periodically for customers and vendors.
Verify Due Dates before saving important transactions.
Use standardized Payment Terms across similar account categories.
When the Create Due Date from Payment option is enabled, Logic ERP automatically generates the Due Date during Journal Voucher entry based on the Payment Terms or Credit Days defined in the Account Master. This ensures accurate due date management, reduces manual effort, and improves overall accounting efficiency.
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