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jzehr39158
Level 1

How can I add new payment terms (ie., 2% 10, Net 30) as an invoice option?

How can I add new payment terms (ie., 2% 10, Net 30) as an invoice option?

 

The only terms I see are not what I want.

 

3 Comments 3
ShaniamarieC
QuickBooks Team

How can I add new payment terms (ie., 2% 10, Net 30) as an invoice option?

Welcome to the Community, @jzehr39158.

 

Let me guide you on adding new payment terms (ie., 2% 10, Net 30) as an invoice option in QuickBooks Online (QBO).

 

To add 2% 10 in invoice payment option is not yet available. However, you can still you can still opt for a Net 30 term for your invoice. To do so, follow these steps on how to set up and manage payment terms:

 

1. Click on the Gear icon in your QBO account.

2. Select Account and Settings, and then click the Sales tab

3. In the Sales tab, locate the Sales form content. Then select the pencil icon.

4. Then in Sales form content section, change the Preferred invoice terms you like.

 

Tip: Here are some examples of names you can use. You can also add new ones if you'd like to customize them:

 

  • Due on Receipt- The payment is due depending on the receipt date.
  • NET 10 - The payment is due within 10 days after the invoice issue date.
  • NET 15 - The payment is due within 15 days after the invoice issue date.
  • NET 30 - The payment is due within 30 days after the invoice issue date.
  • NET 60 - The payment is due within 60 days after the invoice issue date.


5. Once you're ready, click Save.

 

After setting up the terms, you can proceed to set payment terms for your invoices. You can adjust invoice payment terms directly on the invoice form itself. This will only apply changes locally to that specific invoice – you'll need to go into settings to change the default.

 

For detailed information, you can check this article: How to adjust payment terms in QuickBooks Online

 

Here's a photo as a reference: 

cc.JPG

 

 

Additionally, here is an article you can read in the future to learn how to personalize and add specific info to your sales forms: Customize invoices, estimates, and sales receipts in QuickBooks Online.

 

Don't hesitate to hit the reply button if you have additional guidance or have questions regarding managing your invoices in QBO, jzehr39158. The Community is always here 24/7. Take care and have a great day ahead.

thomaswater
Level 1

How can I add new payment terms (ie., 2% 10, Net 30) as an invoice option?

Just to clarify, Quickbooks does not have a 2% Net option for invoicing? Seems like a pretty important feature for an accounting platform to have. 

James_AL
QuickBooks Team

How can I add new payment terms (ie., 2% 10, Net 30) as an invoice option?

Hello there, Thomaswater.

 

As my colleague mentioned, you can manually add a 2% discount to the invoice when creating a transaction. However, it is not yet possible to add a 2% 10 discount to an invoice payment.

 

I know how convenient and time-saving it is to have it added, to QuickBooks Online. I highly recommend sending your feedback to QuickBooks so our developer may analyze and include your suggestions in future releases.

 

To submit feedback, here's how:

 

  1. Login to QuickBooks Online
  2. Select Settings, then Feedback.
  3. Enter your comments or suggestions.
  4. Then Select Next to Submit Feedback

 

I will also include this article to help you understand how to apply a discount to an invoice or sales receipt in QuickBooks Online.

 

In case you want to run a report, read this for your reference: Run reports in QuickBooks Online.

 

If there's anything else you need help with, please let me know. We're always here to assist you.

 

 

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