Payment Terms

ToDebtors bewill abletypically tohave selectaccount aterms creditsuch reasonas onCOD, credit30 notesdays, credit60 reasonsdays applicableetc. tofor your business needsaccounts to be createdsettled.

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There are however instances where you may wish to allow an exception to these terms and apply special payment terms for specific purchases or you may have certain pre-defined custom terms. in such cases you can use the payment terms option. 

To add or edit apayment credit reasaonterms go to:

Debtors module> Configuration> Add. Debtor Properties> CreditPayment ReasonTerms

Click the tab CreditPayment ReasonTerms

Click Add (To create a new Category)

Enter a Code and Description

Click Save and close or,

Save and New to add another CreditPayment reasonterm

These payment terms options can be found on the sales documents, shipping tab