How to set default payment terms

Knowify has a handful of payment terms included by default, including NET 7, NET 30, and DUE ON RECEIPT. In order to add additional, custom payment terms, you must have a connected QuickBooks account, and update them there first. 

Once you have updated your QuickBooks settings, the payment terms will be available in Knowify following your next sync.

You can set your default payment for invoices and contracts in your admin settings under 'Default Payment Terms'. All contracts created after this point will automatically have your Default Payment Term selected. Please note, you can change payment terms on individual invoices as need be!

Note

Setting a payment default will effect contract invoices. Vendor bills will default to the last payment terms used for the vendor regardless of default set