Cutoff Day

Specify the day of the month when calculations for Due Date are advanced into the next month. This field is only used with Advanced Terms, and only with Prox Code 1 and 3:

• Prox Code 1: If the reference date is greater than or equal to, the Cutoff Day, the date is adjusted to the first day of next month, and then the Due Days field specification is added.
• Prox Code 3: If the reference date is greater than or equal to, the Cutoff Day, the date is adjusted to the last day of next month, and then the Due Days field specification is added.