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How to Add New Payment Terms?

Step 1: To create new payment terms, go to ‘Settings’ menu and select ‘Payment Terms’

payment

Step 2: Click ‘Add New Payment Terms’ button at the top right corner of the webpage.

add-new

Step 3: Enter the name of the new payment term being created in the ‘Payment Term Name’ section.

payment-name

Step 4: Select the number of days in the ‘Due In’ section

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Step 5: Click the ‘Set As Default’ checkbox to set the payment term as default.

default

Step 6: Click ‘Save’ button.

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