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View User Guide 3.26 or visit our current documentation home page.
Section overview
In JeraSoft Billing, payment terms are implemented as sets of rules and regulations that define the clients' payment dates and noticing periods (before and/or after the payment day). Primarily, they help to make the clients' invoicing easier and faster by allowing to use auto-invoicing profiles. Payment terms are indicated in clients' profiles.
The section constitutes a list of profiles that determine payment terms. Structure of the section is presented on a screenshot below.
Screenshot: Payment Terms section
Functional buttons/icons, presented in the section, are as follows:
Button/Icon | Description | |
---|---|---|
Allows to create a new payment terms profile | ||
Allows to manage an existing payment terms profile on a list | ||
Allows deleting a payment terms profile from the system. Requires confirmation |
Adding New Payment Terms
To create a new payment terms profile, you need to do the following:
- Click the New Payment Terms button
- Specify the required fields in the appeared pop-up window (see table below);
- Confirm new payment terms profile creation by clicking OK
Screenshot: Adding new payment terms profile
Field | Description |
---|---|
Name | Name of a new payment terms profile |
Payment | The exact day when a payment must be performed or its frequency (for example, on the 7th day of the month or every 10 days) |
Grace Period | Period that specifies how many days the client has to pay the bill after he was invoiced. It's the Due Date field in invoices (so-called "Deferral period") |
Notify Days (before) | Set how many days before the payment date (invoicing date + grace period) have to pass before automatic reminders will be sent to a client. For example, if you enter 10, the reminder will be sent 10 days before the payment date. You can specify more than one value in this field separating them with commas - 10, 5, 3 |
Notify Days (after) | Specify how many days after the payment date have to pass before reminders will be sent to a client. The field can have more than one value, each separated with a comma. |