The customer must pay his or her statement by this date. If you do not receive payment by this date, the statement is past due.
This field in the Maintain Terms (MTM) window is alphanumeric. You can enter up to two numbers or EM (end of month).
For example: You enter 10. The customer must pay his or her statement by the 10th of the month.
If you enter EM, the customer must pay his or her statement by the end of the month (the actual date varies from month to month).
If you fill in this field, you cannot use the Discount Days field. To specify a customer's eligibility for a discount, use the Discount Date field.