21st Century Accounting Tutorials - Receivables

Configure Payment Terms

The preconfigured set of payment terms meets Arnold Plumbing’s needs. You just need to review the set.

Run Receivables/Configure/Payment Terms to set up at least one set of required payment terms.

At each prompt, enter the payment terms name and payment stipulations. Press F1 for Help at each field for an explanation. Once you hit OK and save a set of payment terms, you can assign a set of terms to each customer. You can create as many payment terms sets as are required by your company.

At least one set is required before you can set up customers.

Receivables: Configure Payment Terms window

 

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