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. Select if it is a Percentage or Amount of the total then enter Deposit and Descriptions.create default payment terms

STEP TWO: APPLY DEFAULT PAYMENT TERMS TO A PRICE LIST

  1. Go to Price Lists > Click on the Price List to modify.
  2. Click the Edit Most Recent Revision icon then Edit the Price Settings.
  3. Select the Standalone Default Payment Terms to use.
  4. Save the Settings, then Save the Price List.Apply Defualt Payment Terms to A Price LISt
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