Payment Terms

Payment terms describe when a customer is expected to pay an invoice. For example, "30 days net" means the customer has 30 days from the invoice date to make payment.

Setting up the correct payment terms ensures that invoices are generated with the right due dates and that your accounting system receives consistent data. If you use Fortnox, payment terms can be synchronised automatically.

Adding payment terms

Go to Administration → Payment terms and click +.

• Code — a short label used in exports and integrations, for example NET30 or CASH.
• Description — a plain-language label shown to staff when selecting terms, for example "30 days net" or "Immediate payment".
• Days — the number of days the customer has to pay from the invoice date. Leave this empty for immediate payment on delivery.
• Default — turn this on to automatically apply these terms to every new invoice where no specific terms have been agreed with the customer.
• Direct debit — turn this on if payment is collected automatically from the customer's bank account (autogiro / direct debit).

Click Save when done.

Changing payment terms

Click the edit icon next to any entry to update the description, number of days, or other settings.

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Only one set of payment terms can be the Default at a time. As soon as you mark a new entry as default, the previous default is automatically cleared.