Changing Sales Invoice Aging Due Date

There is a useful feature in Microsoft Dynamics GP where user able to change sales invoice aging due date using "Edit Receivable Transaction". Refer to the sample below how an Invoice with 30 Days terms extended to 50 Days.

1. Following invoice “INV0001” is issued on 1st Feb 2019, with 30 Days payment terms, invoice will due on 3rd Mar 2019.

2. Aging Report printed on 28/02/2019, the invoice is sitting in “Current” bucket.

3. The invoice will fall under “0-30 Days” bucket if the aging is printed on 4th March 2019 onwards.

4. User can change the due date manually in GP using “Edit Receivables Transaction”.
Path: Transaction > Sales > Edit Receivables Transaction

5. After changing the Due Date, the aging for the invoice will be revised. Printing the Aging Report 04/03/2019 again will make the invoice fall under “Current” bucket.

6. But when the aging report is printed on 24/03/2019, the invoice will fall under “0-30 Days”.

Apart using "Edit Receivable Transaction" to change invoice due date, user can also use the Edit Receivables Transaction window to change the discount date, purchase order number, and transaction description for a posted transaction.

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