Understanding Payment Terms on Invoice Example for it Businesses

Payment terms on invoice example for IT

zero offers you the opportunity to set the payment terms on your invoices both globally for everyone and by customer to set up the global payment terms go to settings general settings invoice settings and click on the default settings under the and I'll bring up some options here now under sales invoices you've got three options you could have it on the fight of the number of days after the following month the number of days up to the invoice date or the number of days after the current month and a quite a common payment terms is the end of the following month and what do you do with when you've got 28 days or 30 days to a month you can set you can set 31 then the end of the following month and when we show how that works in the invoices we click dashboard we'll add a sales invoice and let's say we've got so Ridgway university and we've got the 31st it will come up as the 30th of April so you can also set your payment terms to be on an individual client so we go to contacts customers and we'll just choose other ones here City limousines and because they haven't been paying their invoice on a regular basis we click on financial details edit and we'll go down to the bottom here and it'll have invoice settings and we can set it so their payment terms are seven days from the invoice date and we click Save have an invoice for City limousines it will now show as seven days from the invoice date subjective City limousines and we'll have the payment today and I'll come up the 7th of April so that's how you set payment terms for your invoices on either global basis or on a per customer basis