Adding Payment Terms

You can add payment terms to efficiently manage your financial transactions by following the steps below.

1. Navigate to Configurations > Finance Configuration > Invoice & Payment Request on the Navigation Menu.

The Invoice & Payment Request page is displayed.

2. Scroll down to the Payment Terms section and click ADD PAYMENT TERMS.

The Add Payment Terms dialog is displayed.

3. Enter/ select the required values in the fields. Refer to the following table for field descriptions and example values.

Note: All fields marked with an asterisk (*) are mandatory/required fields.

Field	Description	Example Value
Payment Terms Name in English	The name of the payment term in English.	Net 7
Payment Terms Name in Arabic	The name of the payment term in Arabic.	صافي 7
Number of Days	The duration for the payment terms in days. The predefined values for the Payment Terms are Net 7 - 7 Days Net 15 - 15 Days Net 30 - 30 Days Today - 0 Days	5
Set as default payment term	The toggle button to set the payment term as default.

4. Click ADD.

The payment term is added.