Billing Terms

Use this form to identify and maintain billing terms to be applied to customers.

The billing terms code displays on the Customers and Vendors forms (and their multi-site equivalents). You can identify default billing terms for each customer or vendor. The billing terms (sometimes called the Terms Code) determine the following:

Due Days: The date an invoice is due to be paid by the customer or vendor.
Discount Days: The number of days a customer or vendor has to receive a discount.
Discount Percent: The amount of discount the customer or vendor is to receive.

For each customer or vendor, you can enter a Billing Terms code to use as a default when entering invoices. You must set up each code in the Billing Terms form before you can apply it to a customer or vendor.

Note: An error message is displayed if you attempt to delete a terms code that is currently used in one of these areas:

Vendors
Customers
Customer Orders
Estimates
Purchase Orders