Why Set Payment Terms?
Setting payment terms for a customer establishes when invoices are due and determines any available discounts for early payments. This supports better cash flow management and financial clarity for both your business and your customers.
Tip: Payment terms defined at the customer level become the default for all new sales orders for that customer. Terms can also be adjusted order-by-order if needed.
Assigning a Payment Term
Preparation
-
Make sure the required payment terms exist in your FlexiBake setup. If not, create them through the Maintain Payment Terms activity.
- Have the customer account created before assigning a payment term.
Apply a Payment Term to a Customer
Step 1
Navigate to the Sales Centre and click Maintain Customers.
Step 2
Search for and select the customer you want to assign a payment term to. Double Click or use the Edit button to open the customer record.
Step 3
Find the Payment Terms drop-down field within the Billing Details tab of the customer details.
Step 4
Select the desired payment term (e.g., Net 15, Net 30, or any set up in your system).
Step 5
Click OK to apply the payment term to the customer.
Early Payment Discounts (Optional)
If the payment term includes an early payment discount (such as 2%/10 Net 30), enter the discount percent and the number of days payment must be received to receive the discount.
Note: Once saved, all new sales orders for this customer will use the new payment terms by default, but terms can be customized for individual orders if necessary.
You can also apply a payment term to a specific sales order. To see how, check out our article Apply a Payment Term to a Sales Order.
A video walkthrough of this tutorial can be viewed by clicking play below: