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Beach
Level 1

Set up payment terms

Hi

 

Terms of Payment

 

Having trouble with Date Driven.

 

If I want my invoices to be paid on the 20th of the following month, how do I do this.

 

If I choose 31  - net due before and 5 due the next month it does not work correctly.

 

For one customer invoiced 08.02.2019 and 25.02.2019 it splits due different dates.

 

Thank you.

 

 

5 Comments 5
Bonny_
Moderator

Set up payment terms

Hi Beach,

 

If you want your invoices to be paid on the 20th of the following month, you would type in Net Due before the 20th day of the month. Here's a help article from our QBO US Community that shows this in more detail: https://quickbooks.intuit.com/community/Help-Articles/Set-up-payment-terms/td-p/203687 

 

However, the terms fields that you are describing do not seem to reflect the options for creating a new Term in QBO AU, so it would be good if you could let us know which QBO AU product you are using. Thanks!

 

Bonny

1231 4628 3419 129
Level 1

Set up payment terms

I too would like to set up 20th of the following for payment terms

So top do lots of users of QBO in Australia and New Zealand

20th of the following is very common in AU & NZ we are all use to using this method from the early days of MYOB

 

Please help us 

 

Regards Linden

James_MasterofBooksthatareQuick
QuickBooks Team

Set up payment terms

Hi Linden,

 

Great point. Let me take this away as feedback for now. If I find any new information on this, I'll loop back with you as soon as I can.


Thanks!

 

James

KahJih
Level 1

Set up payment terms

I would like to know how to edit the payment terms. The link you have written does not work. 

Kass_B - Product Champion
Content Creator

Set up payment terms

Hi KahJih,

 

It looks like the link provided above was originally to a US Community article; if you are using QuickBooks Online Australia, use the below steps to manage your payment terms:

 

  1. Select the Settings icon (top right), then Account and Settings.
  2. Select Sales, then click into the Sales form content section to edit.
  3. From the Preferred invoice terms dropdown, you can change the terms or + New to create your own, then select Save and Done.

 

What terms you choose as preferred will be your default on invoices, but you can also assign customers their own default terms:

 

  1. Go to the Sales tab, then Customers.
  2. Select a customer name, then Edit.
  3. Select the Payment and billing tab to choose their default terms, then Save.

 

(If you are in fact using a QuickBooks US product, see here for their Learn & Support community and articles)

 

-Kass