Creating and editing payment terms

Relevant to: Buyers
Navigation: Settings > Transactions Payments 

To create new payment terms, follow the below steps: 

1. Navigate to the Settings > Transactions > Payments;  
2. Click on the green 'Add New Payment Term' button; 
   
3. Enter the 'Payment Term Name*';
4. Enter the 'Type*' (i.e. Days, End of Month, End of Week); 
5. Enter the 'Payment Term Duration' (i.e. measured in days); 
6. Choose option to set as 'Default'; and
7. Click the green 'Create payment term' button and the new payment term will be added to your list.

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NOTE: The maximum number of characters possible is 50.
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To edit payment terms, follow the below steps:

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

Creating a Deferred Payment Term

1. Navigate to your Settings > Transactions > Payment > Add New Payment Term;
2. Enter in your preferred Payment Term Name *;
3. Type* enter in as End of Month; 
4. Payment Term Duration* enter in as 180 days;
5. Click on Update Payment Term. 




You may also wish to update your Delivery Payments for Grower purchases with the filter Contract payment terms to show all Deliveries with payment terms so any changes to a payment due date can be carried out.