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Payment Terms

Payment Terms

Define payment terms for customers and suppliers.

Fields

• Terms Name - Display name (e.g., "Net 30", "COD")
• Type - Number of days, day of month, or prepaid
• Days - Number of days until due
• Early Discount % - Discount for early payment
• Early Discount Days - Days within which discount applies

Examples

• Net 30 - Payment due 30 days after invoice
• COD - Cash on delivery
• 2/10 Net 30 - 2% discount if paid within 10 days, net due 30 days