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Payment Terms may be configured in order to associate them with your vendors and customers.

Payment Terms in Unanet are associated with vendors and customers so that payments are made and received within a reasonable period of time. Discount Terms may be set in order to accelerate cash collections and to receive discounts. It is key to understand that Payment Terms in Unanet are used for both payments to vendors and payments from customers. The system will accommodate multiple discounts such as 10 Net 30, 2% Net 15, etc.

Navigate to Admin > Setup > Accounting > Payment Terms.

Best Practices:

Identify one payment term as the System Wide Default.

Additional Information

Help Docs - Payment Terms

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