# Payment Terms

Payment Terms define credit periods (e.g. 7 days, 30 days) used on sale and purchase documents. Due dates can default from the selected payment term when configured on Transaction Preference.

On this page

Overview & List View Quick Start Fields Actions Related

Overview & List View

Go to Settings → Others → Payment Terms. List columns: Id, Name, Description, Days, Status. Quick filters: Active (default), Suspended. Filters: Name, Status, Created Date. List actions: New, View, Edit, Suspend, Activate, Delete (multi).

Quick Start

Click New, enter Name and Days (credit period). Assign default payment term on customers or suppliers, or pick on each invoice.

Fields

| **Field** | **Description** | |-----------|-----------------| | Name * | Label shown on bills (e.g. Net 30). | | Description | Optional explanation. | | Days | Number of days after bill date until payment is due. | | Status | Active or Suspended. |

Actions

Standard master-data list actions.

FAQ

Where are payment terms used?

On customer and supplier masters and sale/purchase documents — due date calculation may use Transaction Preference rules.

Can I delete a term in use?

Deletion may be blocked when parties or open documents reference the term — suspend unused terms instead.

How is due date calculated?

Document date plus days from the term definition when due-date logic is enabled on Transaction Preference.

Do payment terms affect pay mode?

No. Terms control credit period labelling and due dates — pay mode is selected separately on each invoice.

Can I clone payment terms?

Use Clone on the view page when available to duplicate days and description for a variant.