How can I change net terms

Good day, Cesarociel.

Changing the net terms is easy. Just click the Terms drop-down arrow, then choose a term on the Invoice page.

You can also set up a default terms. Let me walk you through the steps:

1. Click the Gear icon.
2. Choose the Account and Settings.
3. Go to the Sales tab.
4. Click the Pencil icon in the Sales form content row.
5. Click the Preferred invoice terms drop-down, then choose a term.
6. Click Save, then Done. 

If you need our help, you can always post in the Community. 

We use Quickbooks Desktop Enterprise. We have recently decided to change our payment terms from Net 15 to Net 30 across the board for all customers. Is there a way for me to set a default to Net 30 in QB Desktop? It will take forever to go into each customer's profile and update this information individually.

Hi there, @gina10857!

You can utilize the Paste from Excel function in your Customer Center so you can update their payment terms in batch.

1. Go to Customers.
2. Select Customer Center.
3. Under Excel, select Paste from Excel.
4. On the TERMS column, select Net 30.
5. Click Save Changes.

Lastly, here's a few articles you can read for ideas in managing your customers and sales transactions: Income and Expenses.

If there's anything else that I can help you with, let me know in the comments down below. I'll be happy to lend a hand.

For those of us still using Desktop Pro 2018, can you please provide the instructions for the same task?  Thanks.

Hello there, @dixondlow.

You can still follow the steps provided by my colleague JonpriL on how to update your payment terms in batch using the Desktop Pro 2018.

Just click the drop-down arrow and choose the Terms that are applicable for you or if you want to add a new terms.

Also, you can browse these handy articles on how to add payment terms and related articles for your future tasks.

• Set up payment terms
• Help articles in QuickBoooks Desktop

Please let me know if you have any other concerns in QuickBooks. I'm always here to help. Take care always.

I guess I am really being dense today.  How do I get to that listing?  I've never seen it before.

Hi, dixondlow.

You can follow the steps mentioned by @JonpriL so you'll be able to get to the listing. Let me elaborate on the steps again.

1. Click Customers on the upper menu.
2. Select Customer Center.
3. Under Excel, select Paste from Excel.
4. On the TERMS column, select Net 30.
5. Click Save Changes.

But first, make sure you've set up payment terms so it shows on the listing. 

For more information, you can refer to these articles for your guide: Reports And Accounting.

Keep me posted if you have other questions. I'll be here to help.

Many thanks.  Had no idea the paste from Excel function worked that way.  Problem is solved.

Hi, dixondlow.

I'm so glad that it did the trick. Please let us know if you have any other concerns. We're always right here to help you anytime.

Stay safe and have a great day.

Where is this in the desktop version?

I do not have a "gear".

It's good to see you in this thread, @Prawn-Designs.

The steps provided by my colleagues above about the Gear icon is only applicable to QuickBooks Online (QBO). 

To change payment terms on your QuickBooks Desktop (QBDT) account, you can select it on the Terms drop-down menu on your invoice page. 

If you're still not able to set up payment terms, then let me show you how:

1. Go to the Lists menu at the top. 
2. Choose Customer & Vendor Profile Lists.
3. Pick Terms List.
4. Go the bottom of the page, then click on the drop-down for New.
5. In the Terms field box, enter the name.
6. Mark the radio-button for Standard or Date-driven payment terms.
7. Once done, hit OK. 

Once you create an invoice, the payment terms set up should now show on the Terms drop-down menu. 

For future reference, I'm adding a link to our online tutorials that can help you run your business using QuickBooks.

If you need further assistance while working with QuickBooks, I'll be happy to help you out, visit us here again. Have a nice day.

My questions was how to change the default setting for Net Terms. I want all new customers I add to have a default Net Term value of Net 15. I cannot find a way to do that. This seems like a very basic function. 

The support experience overall was a let down, I knew more about how it worked then the person tech support person. It felt like they were repeating the searches I had done on the Knowledge Base before I called; repeating back to me all the possible answers I had already searched out. 

They did not find the way to make "bulk" changes that I had. I was told I had to open each customer and change it, they did not seem to know about the "paste from Excel" feature in QB. 

On a scale of 1 to 10, 10 being best, I rate my experience as a 3. I did not get the feeling the tech person knew anything about QB or accounting. I said I wanted to set my default Net Terms and they asked me what I meant by "Net Terms", sad. 

This isn’t the impression we want to leave with you, @Prawn-Designs.

I appreciate you for initiating the research before contacting our support.

As of now, you’ll need to select the Term Net 15 manually every time you create transactions for your new customers. You can only modify the options presented on the page to show or not to display when customizing a template.

I’ll raise your feedback to our management team regarding this feature and the experience you’ve encounter with the Technical Support. This way, they can create an immediate plan on how to improve QuickBooks and the service.

Let me share this reference in case you need some information on how to organize your records in the program. By visiting QuickBooks Help articles, you can get tips and ideas on how other users handle their accounts. Just select each topic to view them.

Please let me know if there’s anything you’d like to share or ask. I’m here willing to listen and determined to help you out.

"As of now, you’ll need to select the Term Net 15 manually every time you create transactions for your new customers." This is not true. If I set the terms for the customer, when I create a new transaction it will use the terms. 

What is true, is every time I create a new customer, I need to set the terms for the customer. 

Hi there, Prawn-Designs.

I understand that you'd like to update the terms of all your newly added clients.

You'll want to edit them individually by going to the customer's profile while the option to change it by bulk is unavailable. Also, another option is to change it while creating an invoice.

Our product team is always looking for more ways to make QuickBooks Desktop more user friendly. All innovations and updates will be posted on our blog.

I'll be here if you need more help. Stay safe!

QBO Follow-up Question: If the client account has settings at the account level for Net Terms, which will take precedence: The preferred invoice terms set up in the sales form content, or the local setting on the account? We have many clients with settings on their accounts for Net Terms that we would like to change but are concerned that the local settings will take precedence over the sales form content setting.

If the local settings on the account do take precedence, is there a way to bulk update Net Terms on the client accounts themselves? I don't see NetTerms as an option in the Data import spreadsheet sample.

QBO Follow-up Question: If the client account has settings at the account level for Net Terms, which will take precedence: The preferred invoice terms set up in the sales form content, or the local setting on the account? We have many clients with settings on their accounts for Net Terms that we would like to change but are concerned that the local settings will take precedence over the sales form content setting.

If the local settings on the account do take precedence, is there a way to bulk update Net Terms on the client accounts themselves? I don't see NetTerms as an option in the Data import spreadsheet sample.