Payment Condition, window

Economy > Invoices > Payment Condition

Payment conditions are particularly relevant for invoicing. The due date for an invoice is usually calculated as the invoice date plus the number of days selected as the payment conditions. A different due date can be selected when creating an invoice or crediting.

The payment conditions also apply to crediting transactions made to supplier and subcontractors. The payment date for a credit is calculated as the bill date plus the number of days specified in Payment Condition.

Several different payment conditions can be created, and then the set of conditions that applies by default can be selected in the office settings. To override the general settings for specific customers or resources, different payment conditions can be selected for them, in the Customers (window), Suppliers and Subcontractors registries.

When installing Opter there are four sets of payment conditions, 10, 15, 20 and 30 days. The Count days from last day of month checkbox is deselected for all of them.

Function	Explanation	Default setting
Name	Used for identification. The name is shown in the list on the left when a new configuration is saved.	–
Payment Condition	The number of days after the invoice date/bill date by which payment is due.	0
Count days from last day of month	Select this checkbox if the due date should be calculated from the last day of the same month as the invoice date, instead of from the actual invoice date. Example An invoice is created with an invoice date of 14 May. The payment term is 10 days, so normally the due date would have been 24 May. However, the Count days from last day of month checkbox has been selected so the number of days in the payment term is counted from 31 May instead. The due date for the invoice is 10 June.