Payment Terms

In this article

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. The 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) Attention Please note that when you choose the on mode, the allowed days here are limited to 1-28 values. For Payment Terms in mode "once" allowed days limited to 1-28, to avoid unstable case with days 29-31, which are not present in all months - it should be presented in the way, that if you want to issue monthly invoice it should be issued on 1st of the next month, otherwise it is not possible to correctly include usage for the full month, as if invoice is issued even on Jan 31st at 23:59:59 - there might be call started right at this moment and it will not be included in the invoice as result. There is automatic migration that will convert any value in range 29-31 to 28
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.