A term refers to when a payment is due relative to the invoice date. Examples include “due on receipt”, “net 30”, and “net 15”.
Adding a Term
Add Term/Term Code
To add a term click “Add Term” on the upper left side of the page.
Complete Fields
Complete term fields.
Term Code
Enter a description that defines the term in the “Term Code” field.
Days Net Due
Input the number of days from the “Invoice Date” that the customer has to pay before being considered past due. For example, a “net 30” invoice will have a “Days Net Due” value of 30, since the payment is due 30 days after the invoice date.
Update
Click “Update” on the right side of the screen to save.
