Accounting information is copied to each new Order created for a Customer.
Terms
Terms refer to the agreed-upon conditions between a buyer and a seller regarding the payment of goods or services. These terms specify the amount of time that the buyer has to make payment and possibly the method of payment.
Some common payment terms include:
•Net 30: This means that the buyer has 30 days from the invoice date to make payment.
•Net 60: This means that the buyer has 60 days from the invoice date to make payment.
•Due on receipt: This means that payment is due immediately upon receipt of the invoice.
•Cash on delivery (COD): This means that payment is due at the time of delivery.
•Installment payments: This means that payment is made in multiple payments over a set period of time.