Specify the terms of payment that correspond to the default period between the sale of an item and the payment due date on ...

Specify the terms of payment that correspond to the default period between the sale of an item and the payment due date on invoices for customers in the selected customer group. The terms of payment are used in the cash flow forecast that is based on sales or sales budgets for customer groups. You set up terms of payment in the Terms of payment page. Example You set up a sales budget for a customer group and budget a sale of 10,000 for June 15. You then specify Current month + 30 days for the terms of payment. The cash flow forecast shows that the budgeted sale of 10,000 is due for payment on July 30.
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