Set default payment terms

Set default terms to define when payment is due when a vendor does not have its own terms. Open Menu and select Payables > Settings.

Set the default terms

1. Open Menu and select Payables > Settings.

2. Select Payables preferences.

3. Select Terms.

4. In Default terms, select the terms to use.

5. Select Apply.

When you create a vendor bill, QuickStart first uses the vendor’s active terms. If the vendor has no active terms, it uses the default terms from this preference. The terms source the bill’s due date and applicable discount date and amount. Changing a due date manually clears the sourced terms.