Creating and editing payment terms

Relevant to: Buyers

Navigation tree: Settings > Transactions > Payments

To create new payment terms, follow the steps below: 

1. Navigate to the Payments tab within Settings > Transactions. 
2. Scroll to the bottom of the list Payment Terms 
3. Click on the green 'Add New Payment Terms' button 
4. Enter the Payment Term Name 
   1. NOTE: The maximum number of characters possible is 50.
5. Enter the Payment type (i.e. Days, End of Month, End of Week) 
6. Enter the Payment Term Duration (i.e. measured in days) 
7. Click the green 'Create payment term' button and the new payment term will be added to the list 

To edit payment terms, follow the steps below: 

1. Navigate to the Payments tab within Settings > Transactions 
2. Click the 'edit' button next to the payment term you wish to update 
   1. NOTE: some payment terms are system default so cannot be edited
3. Make any changes required and click the green 'Update Payment Term' button 

To delete payment terms see the article here.