Payment terms

The Payment terms list contains templates of payment terms that you select on a document instead of typing them again and again - retention, early payment discount or late payment interest. The terms are printed on the invoice and transferred to the e-invoice.

You will find payment terms in the menu Other → Code lists → Payment terms. In a template you enter the “Name” and the terms in the sections:

• “General” - description
• “Retention” - description, amount as a percentage or as a sum, and the due date of the retention
• “Early payment discount” - description, the amount of the discount and the number of days before the due date
• “Late payment interest” - description, amount, type of rate (one-off, per day, per year) and the number of days after the due date

You can add several items to each section. ReFIS fills in a template that has the “Default when selecting in forms” option on a document that does not have payment terms yet.

On a document you will find payment terms under “Other settings”. If the company synchronizes templates from the main company, you edit them only there.

• Invoices and proforma invoices
• Payment methods
• Due date