Apply Default Payment Terms To A Price List

Default Payment Terms can be created and applied to a Price List in order to automatically set expected payments from customers when you create a Standalone Quote.

The optional  Terms field is for payment policies like Net 10, Net 30 or Due on Receipt and can be pulled into Quote & Order Forms. Deposits can be established as a percentage or a fixed amount and are shown in Quote & Order Lines.

Default Payment Terms for Accounts must be set separately. Applying Default Payment Terms to a Price List only applies those Terms to Standalone Quotes.

To manually apply Payment Terms to a  Quote or Order, see Related Articles below.

There are two steps to the process of applying Default Payment Term to a Price List for Standalone Quotes.

Step One: Default Payment Terms must be created in your Settings.

Step Two: The appropriate Terms must be applied to each Price List.


STEP ONE: CREATE DEFAULT PAYMENT TERMS

  1. Go to Settings > Quote & Order > Default Payment Terms.
  2. Click on Create Default Payment Term.
  3. Enter a Name for this particular set of Terms. If you want Terms to show when printing or emailing, this is the only Field that is displayed.
  4. Select if it is a Percentage or Amount of the total then enter Deposit and Descriptions.

STEP TWO: APPLY DEFAULT PAYMENT TERMS TO A PRICE LIST

  1. Go to Price Lists > click on the Name of the Price List to update > click the Edit Price List button.
  2. Click Settings.
  3. Select the Standalone Default Payment Terms to use.
  4. Save the Settings, then Save the Price List.