Payment Terms

Configuration > Accounting > Payment Terms

Payment Terms are used to document vendor payment terms.

1. Name - search by name

2. Include Inactive - check to include inactivated terms

3. Reset - click to reset search parameters

4. Add New Payment Term - click to add a new payment term
   

1. Name - enter payment term name

2. Days - enter the length of the payment term in days

3. Sort Order - change sort order if needed

4. Cancel - click to return to the previous screen without saving changes

5. Save - click to save changes

5. Name - click to sort by name

6. Active - click to sort by active status

7. Pencil - click to edit existing term
   

1. Name - enter payment term name

2. Days - enter the length of the payment term in days

3. Sort Order - change sort order if needed

4. Active - toggle active status

5. Cancel - click to return to the previous screen without saving changes

6. Save - click to save changes

8. < > - click to scroll through pages

Default Terms:

• Net 15

• Net 30

• Net 60