Import Payment Terms
Please review this article about preparing CSV file for import.
Payment terms are the terms you offer to your customers. To import them into the system, you would first download the csv template . There are 3 columns in the csv file.
- discount: This is the % of discount you offer if a customer pays early (before the discount_period). 2 for example.
- discount_period: This is the number of days that you will be offering an early payment discount if customers pay you. For example, enter 10 to allow a discount if paid within 10 days.
- net: This is the due date of the invoice. 30 for example.
So a term with discount of 2%, discount_period of 10 and net of 30 means that the invoice is due in 30 days. If a customer pays in 10 days, the customer can get a discount of 2%.
You specify one payment term per row for as many as you require.
Once the payment terms is imported, you can assign them to each customer.
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