Payment Terms tab (Vendor Settings)
In this tab, you can set the default payment terms for vendors. To find out how to set different payment terms for specific vendors, see the Configure payment settings for vendors and clients guide.
In the Tax section, you can:
select the Default Tax Rate. To find out how to add a new tax rate, see the Add a tax rate guide.
select the Tax Calculation Rule.
In the Invoices Dates section below, you can set the default invoicing dates for vendors:
(Optional) To permit the use of pro forma invoices, select the Use Pro Forma Invoice checkbox. Two pro forma-related fields will be displayed below.
For each invoicing type, select the reference date that will determine invoice dates.
(Optional) To create invoices at the end of the same month as the reference date, select the end of month checkbox.
(Optional) Select the number of the month and/or days you want to add to the reference date. For example, if you want invoices to be sent two and a half months after the task deadline, select 2 in +”m” month and 15 in +”n” days columns.
You can test the calculation dates you have set. In the Job Deadline Example field, enter any date and click the Show Expected Invoicing Dates button. A popup window with dates calculated for a given deadline is displayed so you can check if the dates were calculated as expected.
In the Global Vendor Payment Terms table below, you can check, edit, or add payment terms.
To add payment terms, click the Add button. For more details, see the Configure payment setting for vendors and clients | Global payment terms guide.
To edit payment terms, click the
icon.To delete payment terms, click the
icon next to them.
From the Default Payment Terms for Empty Invoice dropdown below, you can select specific payment terms for non-project-related invoices.