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: Click the Gear icon. Choose the Account and Settings. Go to the Sales tab. Click the Pencil icon in the Sales form content row. Click the Preferred invoice terms drop-down, then choose a term. Click Save, then Done. If you need our help, you can always post in the Community.

Question

How can I change net terms

Forum|Forum|7 years ago
February 10, 2019
17 replies
297 views

No text available

QuickBooks Online

Kristine Mae

Moderator

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:

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

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

P

Prawn-Designs

Where is this in the desktop version?

I do not have a "gear".

P

Prawn-Designs

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:

Go to the Lists menu at the top.
Choose Customer & Vendor Profile Lists.
Pick Terms List.
Go the bottom of the page, then click on the drop-down for New.
In the Terms field box, enter the name.
Mark the radio-button for Standard or Date-driven payment terms.
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.

JoesemM

QuickBooks Team

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.

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

D

dixondlow

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

MariaSoledadG

QuickBooks Team

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.

Click Customers on the upper menu.
Select Customer Center.
Under Excel, select Paste from Excel.
On the TERMS column, select Net 30.
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.

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