{"schema":"exacc.help.page/1","url":"https://exacc.au/help/payment-terms/","title":"Payment terms","description":"Set up payment terms such as 14 days or end of next month: they work out the due date on invoices and bills, and each customer can have their own.","category":"Invoicing & Payments","summary":"Open **Manage › Configuration › Payment Terms** and click **New**. Enter a **Name**, the **Add Days** and **Add Months** after the invoice date, and tick **Move to End of Month** if the due date should be the last day of that month. Choose the term on invoices and bills, or set it as a customer's **Default Payment Terms**.","lastVerified":"2026-10-10","apps":["app"],"processIds":[],"start":{"label":"Open Payment Terms","url":"https://app.exacc.au/{dbId}/sales/payment-terms"},"menuPath":["Manage","Configuration","Payment Terms"],"before":["Permission to manage payment terms."],"steps":[{"step":1,"title":"Open the list","body":["Open **Manage › Configuration › Payment Terms**. Each term shows its **Name**, **Days**, **Months** and **EOM** (end of month). Click a row to edit it."],"url":"https://app.exacc.au/{dbId}/sales/payment-terms","image":"https://exacc.au/help/payment-terms/step-1.png"},{"step":2,"title":"Add a term","body":["Click **New** (**New Payment Term**):"],"url":"https://app.exacc.au/{dbId}/sales/payment-term/new","fields":[{"name":"Name","help":"what you pick on an invoice, e.g. 14 days or 30 days EOM.","required":true},{"name":"Add Days","help":"days after the invoice or bill date (0 or more)."},{"name":"Add Months","help":"months after the date (0 or more)."},{"name":"Move to End of Month","help":"after adding the days and months, move the due date to the last day of that month."},{"name":"Active","help":"ticked for new terms."}],"image":"https://exacc.au/help/payment-terms/step-2.png"},{"step":3,"title":"Save and use it","body":["Click **Save**. On a new invoice, **Payment Terms** is filled in from the customer's **Default Payment Terms** (or the **Default Payment Terms** in Settings) and sets the due date; you can choose another term. Set a customer's default on the contact."]}],"sections":[{"heading":"Examples","body":["For an invoice dated 10 March:"],"list":["**14 days** (Add Days 14): due 24 March.","**End of next month** (Add Months 1, Move to End of Month): due 30 April.","**Due on receipt** (nothing added): due 10 March."]},{"heading":"Bills, deleting and deactivating","body":["A new bill starts with the first term in the list; choose the supplier's terms on the bill.","A term that is a contact's default, or is used on an invoice, quote or bill, cannot be deleted. An inactive term drops out of the list."]}],"related":["https://exacc.au/help/create-invoice/","https://exacc.au/help/create-bill/","https://exacc.au/help/manage-contacts/","https://exacc.au/help/payment-methods/","https://exacc.au/help/general-settings/"],"linkNote":"Links containing {dbId} open that screen in the business file whose id is dbId. A person can also open this help page with ?db=<dbId> to get the same links as buttons."}