We have customers with 60-day payment terms, but it typically takes them 5-7 days to process payments after they're initiated. This causes invoices to show as past due in our Aged AR reports even though the customer has already started the payment process.
Is there an out-of-the-box way to add a "grace period" or "payment processing buffer" to the Aged AR aging calculations? Ideally, we'd like to add 5 days to the due date before an invoice shows as past due in our reports.
I know we could adjust the payment terms from 60 to 65 days, but we want to keep the actual invoice due dates at 60 days and only adjust how aging is calculated for reporting purposes.
Has anyone solved this issue?
