Terms

Terms calculate invoice or vendor-bill due dates and optional early-payment discounts from the transaction date. QuickStart supports standard terms based on a number of days and date-driven terms based on configured days of the month, which you manage from Menu > Accounting > Settings > Other > Terms.

• Standard term calculates dates as a number of days from the transaction date.
• Date-driven term uses configured days of the month and can move the due date to the next month.

To manage terms, select Menu, then select Accounting > Settings. On the Other card, select Terms. Open a term to edit, inactivate, or delete it when it is not in use.

Learn more

• Create a standard term
• Create a date-driven term