Credit Terms Tutorials

Credit terms are a lookup list used for both customers and suppliers. A setting lets you use them to set due or payment dates on transactions automatically (see Credit Terms).

💡These tutorials explain how to create, edit and delete credit terms.

How to Create a Credit Term#

1. Navigate to Credit Terms.
2. Click Add/Edit (button).
3. Click anywhere in the top row where it shows: Click here to add a new row.
4. Fill in the details as follows:
   1. Code = Enter an abbreviation for the credit term (e.g. 30D).
   2. Description = Enter a description for the credit term (e.g. 30 Days from Statement).
   3. Days = Enter the number of days between issuing a statement or invoice and when payment is due.
   4. From = Select Invoice if the number of days relates to the invoice date, otherwise select Statement.
5. Click Save (button).

How to Edit a Credit Term#

1. Navigate to Credit Terms.
2. Click Add/Edit (button).
3. Click any field and edit the text.
4. Click Save (button).

How to Delete a Credit Term#

1. Navigate to Credit Terms.
2. Click Add/Edit (button).
3. Right-click an entry and select Delete.
4. Confirm the deletion on the popup.