Payment Terms

Hi Guys,

I need to set a payment term that is 1% 15 days, 52 days net end of the month.

Meaning if paid within 15 days we get the 1% discount or else we have 52 days from the end of month of that invoice to pay.

So if the invoice is dated 11/01/08 - pay by 11/15/08 - get the 1% or else we have 52 days from 11/30/08 to pay...making this due on Jan 20, 2009.

Can someone please suggest how do i set this up?

Regards,

Noopers