Invoices can now use an End of month (EOM) payment term. The due date is counted from the last day of the billing month instead of from the billing date. For example, an invoice billed on 10 March with a 30-day term is due on 30 April. An invoice billed on 28 March is also due on 30 April.

Setting it up

Go to Settings → Invoices. Above the existing days field there is a new Payment term dropdown with two options:

• Days after the billing date: the due date is the billing date plus N days. This is the current behaviour and remains the default.
• End of month (EOM): the due date is the last day of the billing month plus N days. With N = 0, the invoice is due on the last day of the billing month.

A live example under the dropdown shows the result of your choice, for example: billed on 10 March, due on 30 April.

Where it applies

The selected term is used everywhere invoices are created:

• new invoices and credit notes
• project invoicing
• subscription invoices
• metered billing from Onboarding
• recurring invoices, which keep the same number of days after month-end

Existing invoices are not affected

Each invoice stores the term it was created with. Changing the setting later only affects new invoices; invoices already issued keep their original due date calculation. Credit notes never use the EOM term.

Reminders

EOM invoices receive a single reminder, sent on the due date, using the existing due reminder email template. They are excluded from the "before due date" and "overdue" reminders.

The reminder is only sent if at least one invoice reminder is switched on for the workspace.