By default, payment terms are set to Due on Receipt. You may modify and add additional payment terms to meet your business needs. You may configure your terms initially through the setup functions, but you will also have the opportunity to create terms "on the fly" when creating invoices.

1. Click Setup in the Navigation panel.
2. Click Invoice Terms in the Finance section. A list of invoice terms currently configured in your system will be displayed.

   

3. Click the Add button.

   

4. On the Add/Edit Invoice Terms screen, configure the following:

   • Name - Enter a name for this invoice term. This name will be displayed in drop-down lists in the software
   • Display Name - Enter the display name. This will be displayed on invoices
   • Default Due Days - Enter the default due days for this invoice term configuration. This is the number of days the system will use to identify past-due invoices

5. Click Done.