The cost payment date on a forecast is based on the project date of the transaction and the terms of payment that are defined. Terms of payments are defined in the form on the tab in the section. In this section, you can select the number of buffer days (grace period) for a cost payment. If no terms of payment are defined, the cost payment date is set to the project date.
Your company has undertaken a project that begins on March 16. The terms of payment set up for the customer state that the customer will pay in full for the project within fourteen days. Therefore, the cost payment date (due date) will be March 30.
Cost payment days apply to all project types except time projects.