MASTER --> Payment Terms

The Payment Terms section allows creating a payment period to make the payment. This payment term can be associated with vendor payment or customer payment. 

In further documents, you will be able to see how to associate the payment terms with payments. 

In this document, we will only see how to create Payment Terms

Create Payment Terms

STEP 1: Go to INVENTORY --> PAYMENT TERMS page. This page opens. 

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STEP 2: Click on CREATE PAYMENT TERM button. This page opens. 

Here, add the Name and Number of Days. Then Save the page.

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STEP 3: We can edit or delete the Payment Terms by clicking on the respective actions under Actions Column.