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How do I configure new payment terms for a customer?
You can configure a new payment term for a customer in two ways:
- At the customer level and,
- At the invoice level
To configure payment terms at the customer level:
- Go to Sales on the left sidebar and select Customers.
- Select the customer for which you want to add the new payment terms and click Edit in the top right corner.
- Scroll down to find the Payment Terms dropdown and click Configure Terms.
- Click + Add New and enter Term Name and Number of Days.
- Click Mark as Default if you want to make this payment term as default.
Note: If you set a payment term as default, it will applied to your future transactions. However, you can change it on the transactions page if required.
- Click Save.
The new payment term will be saved in your organization and can be used for future transactions.
Note: You can also configure payment terms while creating a customer by clicking + New button and following the above mentioned steps.
To configure payment terms at the invoice level:
- Go to Sales and select Invoices.
- Create a new invoice by clicking + New button.
- Enter all the necessary details and click the Terms dropdown.
- Click Configure Terms from the dropdown and click + Add New.
- Click Save.
Note: You can also configure payment terms for an existing invoice. To do that, click the edit button on the top bar of the invoice and follow the above steps.
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