Summary
Payment terms allow you to define how invoice due dates are set. Payment terms are required in order to setup accounts receivable terms (AR terms). AR terms are selected when creating accounts in order to specify the invoice due dates and dunning rules that apply to the account.
For additional details on the fields presented on this screen see the the Payment Terms guide.
Content
Prerequisites
Payment terms can be setup as needed, there are no prerequisite configuration steps.
Sample Configuration
Adding a new Payment terms.
In this example we will add a sample AR terms that is configured to set the invoice due date and define the dunning rule of the accounts.
Log into the LogiSense Billing application
Click on the Setup menu, Finance and then Dunning Process
Under the Bill Runs heading click the
button to add a Payment Terms
Under the Add Payment Terms heading give the AR Term a Name (e.g. 'NET30').
Result
Next Steps
<<documentation team task: link to next configuration article>>
Related Guides
<<documentation team task: link to API guide which covers the same config process>>
<<documentation team task: link to Data Import guide which covers the same config process>>