Create Payment Terms

Use the Payment Terms for Invoices submodule to create payment terms.

To use the Payment Terms for Invoices submodule, you must have access to Settings as defined in the User Access Rights submodule under Settings.

To create a payment term:

1. On the main toolbar, click Settings .
2. If you have more than one company in your system, use the drop-down list above the left pane of the Settings screen to select the company for which you want to create a payment term.
3. In the left pane of the Settings screen, click Global System Settings > Payment Terms for Invoices.
4. On the grid toolbar, click Create New Payment Term .
5. In the Create New Payment Term dialog box, enter a name or description for the payment term and click OK.
6. You can edit the different fields by double-clicking on the corresponding field.
7. If you want to identify the number of days or months in the payment term, double-click on the days or months fields and indicate the applicable number. You can also add the invoice month to the payment term by selecting the Invoice Month check box.