Special Invoice Terms

Hi there, 

QuickBooks Desktop makes it easy to set up payment terms. I'll be happy to give you a hand with this. 

Payment terms indicate when you expect to receive a payment from a customer or when youpay bills to your supplier. QuickBooks supplies a list of often - used payment terms in the Terms list. to do this, follow the steps below:

1. Select Lists at the top > Customer & Supplier Profile Lists > Terms List.
2. From the Terms drop - down on the left, choose New.
3. Enter your preferred name for the payment term, then choose:   

• Standard - If you want to have a payment due within a specific number of days from the invoice date
• For example: Your invoices are due within 25 days of receipt and you give your customers a 1% discount if they pay within 10 days

• Date Driven - If you want to enter the day of the month that a payment is required within the due date. 
• For example: Your invoices are due on the 25th day of the month and you give your customers a 1% discount if they pay before the 10th of the month. To let QuickBooks know that "25" means the "25th day of the month" and not "25 days after the invoice date", enter 1% 10 Net 25. 

4. Select OK to close or Next to create another payment terms.  

For more info on payment terms, check out this helpful article. Let me know if you have questions. I'll be here to assist.  :)

James,

thank you for getting back to me so quickly. It seems that this setup may not be conducive to the terms we need. The customer is being offered 1% if they pay by the 10th of the second month after the invoice date. So depending on when the date is, that changes in terms of how many days the balance is due by.

Any suggestion on a way around this?

I see where you're coming from. At this time, there isn't a workaround to this. I recommend you to send the valuable feedback over to our engineers so it can be incorporated into the system in the future. You can do this by clicking the Help menu and looking for Send Feedback Online. Product improvements and ideas are influenced by the feedback we get from users like you. Feel free to ask questions.