Use the Manage Customer Terms screen to set up the payment terms that your company offers to customers.

These terms, which are assigned to all customers, are used to calculate discounts and due dates for invoices, which in turn are used to calculate finance charges. You can calculate terms using either the invoice date or the transaction posting date. The date due can be based on days, day of month, or on a range of days.

Set up this screen before you enter customer data into the Manage Customers screen.