Payment Terms

The Payment Terms tab manages reusable payment configurations that control due dates, deposit requirements, and payment conditions on invoices and quotes.

Shared with Quotes

The Payment Terms section is shared between Quotes and Invoices. All configured terms are available in both modules.

Detailed documentation

For comprehensive documentation on the Payment Terms page, including:

Creating payment terms (Credit, Cash, Deposit, Installment)
Setting default terms for your business
Client-specific term overrides
Common term patterns for AU businesses
Managing and archiving terms

See the Quotes > Payment Terms documentation.

Quick reference

Term types

Type	Use For
Credit	Standard payment terms (Net 7, 14, 30)
Cash	Immediate payment required
Deposit	Upfront deposit with balance due later
Installment	Multiple payments over time

Common AU terms

Term Name	Description
Net 7	7 days from invoice date
Net 14	14 days from invoice date
Net 30	30 days from invoice date (most common)
50% Deposit	50% upfront, 50% on completion
Cash on Pickup	Pay when collecting goods

Common tasks

Task	Action
Create term	Click New Payment Term
Set default	Edit term > Check “Set as default”
Client-specific	Edit client > Set payment terms
Archive	Edit term > Uncheck “Active”

Integration with Invoices

Payment terms control invoice workflow:

Due dates: Calculated automatically from invoice date + term
Default pre-fill: Business default loads on new invoices
Client override: Client-specific terms auto-apply
Display: Terms appear on client-facing invoices

Best practices

For invoicing

Set Net 30 as business default (AU standard)
Use shorter terms for new clients
Consider deposits for large projects
Include BSB/account in payment details
Review terms for consistently late payers

Cash flow

Shorter terms = better cash flow
Deposits reduce payment risk
Clear terms reduce disputes
Consistent application builds trust

AU-specific notes

BSB/Account: Include Australian banking details
ABN: May reference ABN for tax compliance
Contract terms: Align with AU contract law
Late payment: Consider AU consumer law

See Quotes > Payment Terms for detailed documentation.