Terms

Payment terms are used to indicate the precise "ground rules" of the sale to your customers.  Here you can add and manage the existing payment terms for your customers.  

Payment Terms List

Terms - Enter the name of the term. (i.e., if a term would specify full payment in 30 days, with a 2% discount for those who pay within 10 days, you might call this 2% 10 net 30).

Net Days - enter the number of days the customer has to pay the bill in full under this term.

Discount % - Enter the discount, if any, associated with this term.

Discount Days - enter the number of days the customer has to pay this bill in order to receive the discount.  If there is no discount, this field should be zero.