Default Trader settings for Payment Terms can be set up in this section and will be entered in new traders automatically. These settings are used to calculate what Due date is automatically entered on an invoice by applying the terms to the invoice date.
The Terms can be amended for each individual trader and all dates can be overwritten when entering each invoice.
Go to Settings > Trader Settings > Payment Terms to enter separate defaults for Customers and Suppliers.
Use the drop down menu to select the Terms Type:
The second field ( No .of Days) will have a different heading depending on which Type has been selected.
If Specified Date is used then the No. of Days field will be greyed out as the Due date on the invoice will be left blank for the user to enter their own date.
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