Credit Terms

Navigation: Main Menu > Setup > Accounting > Credit Terms (tab)

Users may create as many Credit Terms as they need.
The same list of Credit Terms is used for Customers and Suppliers. 
A payment date can be set automatically on invoices by applying the credit terms.

Credit Terms (tab)

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Buttons Explained  

Button	Description
Add/Edit	Allows users to edit the data.
Save	Saves any changes.
Output	Export (.xlsx): Allows users to export the Credit Terms in .xlsx format.
Menu	Layout

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Fields Explained  

Field	Description
Field Chooser (*)	Allows users to add or remove columns.
ID	The system-generated number for the entry.
Code	The brief description of the credit term.
Description	The longer description for the credit term.
Days	The number of days from invoice or statement that payment is due.
From	A dropdown list to select: – Invoice: The terms are based on the invoice date. – Statement: The terms are based on the statement date.
Widget	A submenu with an option to Delete the credit term.

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Tutorials

These tutorials explain how to create, edit, and delete Credit Terms.

How to Create or Edit Credit Terms

1. Navigate to Credit Terms.
2. Click Add/Edit (button).
3. Click the top row to add a new term and complete the details as follows:
   1. Description = Type a description for the term.
   2. Code = Type a short description for the term.
   3. Days = Type the number of days between issuing a statement or invoice and when payment is due.
   4. From = Select Invoice if the number of days relates to the invoice date, else select Statement.
4. Edit a Term = Click any field and overtype the entry to edit it.
5. Click Save (button).

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How to Delete a Credit Term

1. Navigate to Credit Terms.
2. Click Add/Edit (button).
3. Right click an entry and select Delete from the context menu.
4. Confirm that you want to delete the term on the popup.

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