Payment Terms Definition

This entity defines the payment terms that the customer has agreed to. Invoice due date is set as per the payment terms definition selected on the Subscription Schedule.

How to add Payment Terms:

• Navigate to Subscription and Recurring Billing Management APP --> Others --> Payment Terms --> Click on 'New' button.

• Fill in the details for the following fields:

  • Name: Give a suitable name as per your requirement.

  • Payment Terms: This is an option set. Here, if Payment Terms is selected as Net 30 then automatically the Due Days are set to 30. If the Other option is selected then the Due Days need to be entered as per the requirement.

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