Payment is Due

Choose one of the following payment terms from the list as the default payment terms:

• C.O.D.: The balance of the transaction is due at the time the items are delivered.

• Prepaid: The balance of the transaction is due at the time the transaction occurs.

• In a Given #of Days: The payment due date is based on a number of days since the transaction date.

• On a Day of the Month: The payment due date is based on the month in which the transaction was recorded. For example, if the transaction was recorded in April and the balance due date is EOM, the entire balance would be due April 30.

• #of Days After EOM; The payment due date is based on a number of days after the end of the month.

• Day of Month After EOM: The payment due date is based on the month after which the transaction was recordeds. For example, if the transaction was recorded in April and the balance due date is EOM, the entire balance would be due May 31.

Balance Due Days/Date

Enter the default number of days from the transaction date that the balance of the transaction is due. For example, if the transaction date is April 20 and the number of balance due days is 10, the balance must be paid on or before April 30.

If you selected On a Day of the Month or Day of Month after EOM in the Payment is Due field, select the day of the month the transaction is due.

If you select a day in the month that comes before the transaction date, the balance won't be due until that day in the next month. For example, if the transaction date is April 20 and the balance due date is 19, the balance must be paid on or before May 19.

Tax Code

Select the default tax code that will appear as a default entry on invoices for customers.

Please note that you cannot select the following tax codes here:

• Tax codes that have been assigned the tax type of Import Duty.

• Consolidated tax codes that contain the Import Duty tax type.

Credit Limit

Enter the default customer credit limit with your company.

Cancel button

Click this button to clear any entries you've made and close the window.

OK button

Click this button to accept the entries you've made in this window