Q: How do I get the due-date in the A/R with terms 160 days? This is a monthly recurring issue and it takes us a significant amount of time to put them in manually one by one. There MUST be a better way to do this. After all, Finance Charges depend on this.
A: Terms are the shorthand way of expressing when you expect to receive payment from a customer, or when a vendor expects to receive payment from you. Terms show the number of days (or date) by which payment is due.
To add payment terms for 160 days, open the Lists menu and select Customer & Vendor Profile Lists. Click Terms List. Press Ctrl + N.
Enter the appropriate title and enter 160 days. From now on, select the terms when creating new invoices.