Summary
The Billing Terms are the payment terms you give to a customer. When does the customer pay, in 15 days, in 30 days, upon completion? The terms can be set by you as a business, where you set the billing term for all your customers. Or set the terms on a customer-by-customer basis based on the customer’s credit standing with you.
Key Points
Create the billing term
Enter the number of days before the invoice is considered overdue
Decide if this is the default term for each new customer
Choose the Billing Terms in the customer's location page
To create a new billing term, go to Settings/Billing Terms and click the New Billing Term button in the upper right.
Billing term name
Enter the name for the billing term. By default we provide the following terms:
Credit Card On File
Net 15
Net 30
On Completion
Days
Enter the number of days for this billing term.
Is default?
When you select [x] Is default, this will be the billing term set for new customers. You can change it in the customer’s Billing page when you’re creating a customer’s account.
You can choose the Billing Terms in the customer's location page.
