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Creating Invoice Terms Definitions

You may want to provide different payment terms on invoices. To be able to specify terms, you must create invoice terms definitions.

Note: If you create terms that offer a discount for early payment, the discount isn’t automatically applied when the payment is received. You need to calculate and apply the discount separately when entering the payment.

To create invoice terms definitions:

1. Choose Sales > Manage Invoice Terms.
   If you're managing customers, on the Detail tab of the Customer Detail dialog box, click the Terms link.
   If you’re working with invoices, in the Invoices dialog box, click the Terms link.
2. In the Invoice Terms Maintenance dialog box, to add a new discount, if necessary, click Add.
   By default, when you open this dialog box the first time, there is a blank row available.
3. Type the text you want on your invoices in the Term box.
4. Specify the number of days until the invoice is due in the Days Due (Net) box.
5. To save the new terms definition, click OK.

To edit invoice terms definitions:

1. Choose Sales > Manage Invoice Terms.
   If you're managing customers, on the Detail tab of the Customer Detail dialog box, click the Terms link.
   If you’re working with invoices, in the Invoices dialog box, click the Terms link.
2. In the Invoice Terms Maintenance dialog box, click a box to make any necessary changes..
3. To save the changes, click OK.

To delete invoice terms definitions:

1. Choose Sales > Manage Invoice Terms.
   If you're managing customers, on the Detail tab of the Customer Detail dialog box, click the Terms link.
   If you’re working with invoices, in the Invoices dialog box, click the Terms link.
2. In the Invoice Terms Maintenance dialog box, click a box in the row of the definition that you want to delete.
3. Click Delete.
4. In the confirmation dialog box, click Yes.
5. To save the new terms definition, click OK.