📑 Drop Down List: New Terms of Sale
As your business evolves, you may need to modify or add new Terms of Sale and associated Payment Schedules. These dropdown values are essential for ensuring accurate invoice due dates and deposit requirements for both Vendors and Customers.
Follow the steps below to add a new Terms of Sale item and configure the appropriate payment schedule.
🪜 Steps to Add a New Terms of Sale Dropdown Item
Open the Administrator Program
Navigate to:
Admin → Corporate DivisionAccess Drop Down List Setup
Go to:
Corporate Division → Drop Down List SetupClick on Terms of Sale to open the configuration panel.
Add the New Term
Click New on the right-hand side.
Enter the term name in the List It field.
Select the appropriate Corporate Division.
Click Save.
📆 Configure Payment Schedule / Due Dates
To ensure Vendor and Customer invoices apply the correct due dates automatically, configure the term’s payment schedule as follows:
Select the New Term of Sale
From the dropdown list, highlight the newly created term.
Set the Invoice Due Date
Enter the number of days in the Invoice Due In field.
Click Save.
Set Deposit Requirements (if applicable)
Enter the deposit percentage required.
Click Set to apply the deposit to the lower portion of the screen.
Define Remaining Payment Schedule
Enter the remaining % of Order Due.
Fill in the Schedule Text to describe the payment stage.
Click Save.
📝 Tip: You can edit the PaymentTermsLineText directly in the grid for more specific adjustments, if needed.