Payment Terms and Templates

This guide provides step-by-step instructions on how to set up payment terms and templates in the NexWaveERP accounting platform. It is essential for anyone looking to streamline their payment processes and ensure consistent and accurate invoicing.

Step 1: Navigate to the Accounting Home Screen

Step 1

Step 2: Click "Payment Term"

Step 2

Step 3: The default list of terms will be display

The default list of terms will be display. You can create new Payment Terms or select one of the items already setup

Step 3

Step 4: You can set up percentage portions on payment terms

You can set up percentage portions on payment terms. This is especially useful if you are also defining a Payment Template to allow payment by instalment

Step 4

Step 5: Click the Due Date based on drop down to ensure you are calculating the due…

Click the Due Date based on drop down to ensure you are calculating the due date of the invoice correctly.

You can use the Days after invoice date, or Days or Months after the end of the month of invoice

Step 5

Step 6: Click "Payment Terms Template" within the Connections area to see templates…

Click "Payment Terms Template" within the Connections area to see templates that have been setup that use the current payment term

Step 6

Step 7: The list view will show all the Templates available but you can create a new…

The list view will show all the Templates available but you can create a new one if required

Step 7

Step 8: Within the Payment Template, you can create the different instalments and the…

Within the Payment Template, you can create the different instalments and the payment terms for each line

Step 8