Setup Payment Terms

Payment terms refer to the conditions that define the expectations for the payment of goods or services. These terms specify the time frame for payment and any applicable discounts or penalties in case of late payment. Some common payment terms include:

- Net 30: Payment is due within 30 days from the invoice date.
- Net 60: Payment is due within 60 days from the invoice date.
- Due on Receipt: Payment is expected immediately upon receipt of the invoice.

Payment Terms Default

This feature enables users to set a default payment term for transactions initiated from a specific branch. Whenever a user from that branch creates a new transaction or invoice in the app, the default payment term assigned to that branch will be applied automatically to the transaction.