Default payment terms on new records

You can set up default payment terms which apply to new customer and supplier records you create.

1. On the menu bar, click Settings then click Configuration.
2. In the Configuration Editor, click Terms.
3. Complete the Customer Trading Terms as required.
   The payment due date is based on the number of days you enter together with the method you select as follows:
   

   Payment Due From	How the due date is calculated
   Days after the invoice	The invoice date plus the value entered in Payment Due. v28.1 and above - If you set the Payment Due box to zero, you can choose whether invoices become overdue after 0 days or 30 days v28.0 and below - If you leave the Payment Due box as zero, a default 30-day period calculates the due date
   Days from the first day of the following month	First day of the month after the invoice + value entered in Payment Due. If the invoice is due on the first day of the following month, enter zero here.
   Days before the last day of the following month	The last day of the month after the invoice, minus the value entered in Payment Due. If the invoice is due on the last day of the following month, enter zero here.
   Day of the month	The day of the month based on the value entered in Payment Due. If you date the invoice after that date, then we use the same day in the following month.
   Days from 1 month after the invoice date	A month from the date of the invoice, plus the value entered in Payment Due.

4. Complete the Supplier Trading Terms using the same principles.
5. Click Apply, then click Close.