What payment terms are for
Sales payment terms define the payment conditions you apply to Applications and Invoices — for example, "30 Days Net" or "Due on Receipt". When you create a financial document, you select a payment term from this list.
Viewing payment terms
Navigate to Settings > Data > Payment Terms. The table shows all payment terms with their name and status.
Creating a payment term
- 1
Click Create Sales Payment Term in the top-right corner.
- 2
Enter a Sales Payment Term name — for example,
30 Days Net. - 3
Optionally tick Set Payment Term to mark this as the default.
- 4
Click Create to save.
Editing a payment term
Click into the Payment Term cell in the table to edit inline.
Archiving and restoring
Click Archive on a row to remove the term from selection lists. To restore, enable Show Archived and click Unarchive.
Next steps
- Clients — assign default payment terms to individual clients.
- System Defaults — configure system-wide default values.