Payment terms on an invoice automatically generate due dates so your customers know when they are expected to pay. The default setting is Due on Receipt, but there are several other options to choose from.
- Due on Receipt (default)
- Net 15
- Net 30
- Net 45
- Net 60
If you make changes, new invoice terms only apply to future invoices created after the change. Changing invoice terms will not update existing invoices in the software.