Terms settings let you set up payment Terms. These are generally used for Business-To-Business (B2B) relationships where you have contracted pricing with certain customers. When a Term is applied to an Order, any Ensure Funds workflow step is skipped for that Order.
To create a new payment Term, follow these steps:
- In the Settings accordion menu, select Preferences.
- Click the Orders tab.
- Click Terms. The Terms page appears.
- Enter a label in the text field and click Add Term. The new Term appears in the list.
- Click the Edit link for that Term to set the following parameters,
which are described in the table:
- Label
- Short Label
- Description
- Days
- Code
- Visible
- Click the Trash can icon (
) to delete a Term from the list.
The following table describes the fields on the Terms page.
| Fields and Buttons | Description |
|---|---|
| Label | The name (label) for the Term. |
| Short Label | A shorter version of the label. |
| Description | A text description of the Term. |
| Days | The number of days set here affects the way Orders using this Term appear in Accounts Receivable. |
| Code | Used to identify the Term in certain places. |
| Visible | If this box isn't checked, then the Term won't appear in drop-down lists for selecting Terms. |