Add Vendor Terms For Bill Due Dates

You can now set payment terms per vendor. These terms will calculate your due dates when entering bills through the New Bill or Smart Bill Entry pages.

To set this up, go to any Vendor page and edit the Accounting Information section to fill in that vendor’s payment terms. You can choose "Due on Receipt" or set up Net terms, depending on how many days until your bills from that vendor are due.

Once set up, you’ll see these terms when entering a bill. The due date of the bill will change depending on the invoice date you enter.

Next, we’ll be looking at ways to help you set up vendor terms when logging a bill, applying terms to Work Order bills, and discounts for early payment. Let us know what you think.