Payment Terms

Set payment terms to define when payments are due on bills and invoices sent and received by your organisation.

In this article:

List of Payment Terms

Setting Default Payment Terms for Your Organisation

Setting Payment Terms for Contact Types

Setting Payment Terms for a Single Contact

List of Payment Terms

The list of payment terms you can choose from are as follows:

• DAYSAFTERBILLDATE - day(s) after bill date, e.g. payment is due a certain number of days after the bill issue date
• DAYSAFTERBILLMONTH - day(s) after bill month, e.g. payment is due a certain number of days after the end of the bill issue month
• OFCURRENTMONTH - of the current month, e.g. payment is due on a specific date in the current month
• OFFOLLOWINGMONTH - of the following month, e.g. payment is due on a specific date in the following month

Setting Default Payment Terms for Your Organisation

To set default payment terms that will be automatically applied to invoices sent from your organisation, follow these steps:

1. From the User Menu Panel, navigate to Settings > Accounting > Payment Terms.

   

2. Click Update.
3. Enter your payment terms as required, then Save Changes.

Setting Payment Terms for Contact Types

To set payment terms for all contacts of a specific type, follow these steps:

1. From the User Menu Panel, navigate to Settings > Contacts > Types.

2. Click into the contact type you want, then click Update.

   

3. Enter your payment terms as required, then Save Changes.

Setting Payment Terms for a Single Contact

To set payment terms for an individual contact, follow these steps:

1. From the User Menu Panel, navigate to Contacts.

2. Click into the contact you want, then go to the Info tab:

   

3. Using the three-dot menu next to Payment Terms, click Update.

4. Enter your payment terms as required, then Save Changes.