Thread: calculating payment terms "End of Month +30".
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Thumbs up Answer: calculating payment terms "End of Month +30".
Calculating Due Date for Invoices with Payment Terms "End of Month +30"
  1. Convert the invoice date into the last day of the month using the EOMONTH function in Excel:

    Formula:
    =EOMONTH(A1,0) 
    Where A1 is the cell containing the invoice date.
  2. Add 30 days to the last day of the month:

    Formula:
    =EOMONTH(A1,0)+30 
    Where A1 is the cell containing the invoice date.
  3. Check if the result falls on a weekend or a holiday and adjust the due date accordingly using the WORKDAY function in Excel:

    Formula:
    =WORKDAY(EOMONTH(A1,0)+30,1) 
    Where A1 is the cell containing the invoice date.
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