Payment Terms (Clients)
In the Payment Terms subtab, you can:
set the Accounting Contact Person and Additional Accounting Contacts. Click the Add button to add accounting contact persons for this client.
select the tax rate that will be applied to the customer’s charges. To find out how to add tax rates, see the Add a tax rate guide.
label a client as a permanent non-payer. When you select the Warn PM that Client is Permanent Non-payer checkbox, there will be a warning saying ‘Be careful! We have had issues with “client name” with respect to financial matters’ every time a new project is created for this client.
in the Invoice Dates section of this tab, you can:
set the estimated time for a wire transfer from this client.
deselect the Use System Terms checkbox to set up custom terms for this client’s payments. If you decide not to use system terms, the fields below become active. Otherwise, the terms set in the
Configuration menu > Clients and Vendors > Client Settings > Payment Terms tab will be applied.set the invoicing dates.
test the calculation dates you have set. In the Task 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 those calculations are as expected.
In the Payment Terms section of this tab, you can:
select the Default Payment Terms from the dropdown list.
create custom payment terms for this client by clicking the Add button. For details of how to create payment terms, see the Configure payment settings for vendors and clients | Define payment terms for vendors and clients guide.
check the details of the selected payment terms.
select the Default Payment Terms for Empty Invoice for invoices unrelated to projects, such as those with installment payments.