Configuring HQ Payment Terms

HQ Payment Terms define discount and due-date rules used by AP and AR. Assign terms on vendors, customers, or contracts as needed.

Before you start

• Know your standard discount and net terms.

Steps

1. Open HQ Payment Terms.
2. Enter discount percent and either days until discount or a specific discount day.
3. Set due date calculation: days until due, or a specific due day.
4. Optionally set a cutoff day and months to roll ahead after the cutoff.
5. Assign the terms to vendors, customers, or contracts where they apply.

Notes

• Wrong cutoff / roll-ahead settings shift due dates unexpectedly.