This Help Article covers:
The Default Payment Term set at Company Settings populates as the Default Payment Term when creating a new Customer. The Default Payment Term can be overridden and set at the Customer Window for that Customer.
The Default Payment Term of the Customer calculates the “Due Date” on a Sales Invoice.
The Default Payment Term of the Customer populates to the Payment Terms text of a Quote, it is also editable at the Quote for that Quote.
To Set Default Payment Term at Company Settings
Quick Flow:
Company Settings Side Menu
Defaults Top Tab
Payment Terms Expandable Section
[EDIT]
Select
[SAVE]
1. From the Side Menu, Press Company Settings, then Press the Defaults Top Tab to display the Payment Terms Expandable Section
2. From the Payment Terms Expandable Section, Press [EDIT] to display the Payment Terms Edit popup
⚠️ NOTE: Only the selected Payment Term displays in the Expandable Section. To see the full list of options Press the Edit button.
3. From the Payment Terms Edit popup, Select a default Payment Term by Pressing the Radio button to make it Active, then Press [SAVE]
To Add a Payment Term at Company Settings
Quick Flow:
Payment Terms Expandable Section
[EDIT]
[+ADD]
Payment Term information
[SAVE]
1. From the Payment Terms Expandable Section, Press [EDIT] to display the Payment Terms Edit popup
2. From the Payment Terms Edit popup, Press [+ADD] to display a New Payment Term Line, then Enter Payment Term information;
Enter a "Name”,
Enter “Description”
Enter “Month Before Due” and
Enter “Days Before Due"
⚠️ NOTE: "1" entered into "Month Before Due" will select next month and "20" entered into "Days Before Due" will count 20 days. I.E. The 20th of next Month.
⚠️ NOTE: You can enter multiple Payment Terms at one time before saving.
3. When finished [SAVE]
To Set Default Payment Term at Customer
Quick Flow:
Customer Window
Settings Top Tab
Payment Terms Expandable Section
[EDIT]
Select
[SAVE]
1. From the Customer Window's Settings Top Tab, Press the Payment Terms Expandable Section to display the current selected Payment Term
2. From the Payment Terms Expandable Section, Press [EDIT] then Select a default Payment Term by Pressing the Radio button to make it Active, then [SAVE]