Add terms

When you include terms on an invoice, the terms remind your customer when the payment is due. The name you give the terms actually appears on the printed or delivered invoice if you customize the invoice to include the Terms field.

Terms on a bill remind you when the bill is due to be paid to the vendor.

To add new terms:

1. Click the Gear icon > All Lists. Then, click Terms List.)
2. Click New.
3. Enter a Terms Name. This is how the name will appear on printed or delivered invoices, so choose a name that your customers will understand.
4. Select the type of terms you want to create.
   • What are Fixed Number of Days terms? To make an invoice due a particular number of days after the Invoice Date, use Fixed Number of Days terms.
   • What are Date-Driven terms?To make an invoice due on a particular day of the month, use Date-Driven terms.
5. Fill in these fields:
6. Save the terms.

Tip: You can give a customer or vendor default terms. To give a particular customer or vendor terms that will be assigned to invoices or bills by default:

1. Open the Customers page or the Vendors page.
2. Click the customer or vendor name, and when the next window opens, click Edit.
3. In the Terms field, choose terms from the dropdown menu.

The next invoice you create for that customer or the next bill you enter for that vendor uses the terms you assigned.