Use End of Month as Terms

User would need to Install Bundle 34958 and assign the “Term’’ created.

Steps:

1. Create End of Month Term
2. Navigate to Setup > Accounting > Accounting Lists > New > Click Term link.
3. Terms = End of Month (EOM) | Standard = T. 
4. Hit Save.

1. Install Bundle 34958
2. Navigate to Setup > Customization > Search and Install Bundles.
3. Click Advanced link.
4. Keywords = 34958
5. Hit Search.     
6. Double click End of Month Payment Terms link
7. Hit Install.
8. Hit Install Bundle > hit Ok.

Associate Term with Bundle

1. SuiteFlow feature should be enabled on account by navigating to Setup > Company > Enable Feature > SuiteCloud tab > under SuiteScript > SuiteFlow =T.
2. Navigate to Customization > Workflow> Workflows.
3. Click Edit link next to End of Month Payment Terms.
4. Hit Set Due Date> hit OK.
5. Under Parameters > Field = Due Date.
6. Condition > Use = T > Condition > click open icon:

                   Field = Terms

                   Compare Type = Any of

                   Selection = Select End of Month

   Under Value > Formula > enter:

                   ADD_MONTHS(LAST_DAY{trandate},1)

7. Hit Save.