Payment Terms

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The payment terms module allows your company to set up the payment terms which will be applied to quotes, sales orders, and purchase orders. A default payment terms may also be associated to customers and vendors.

List View


"Payment terms may be sorted on Name by clicking the filter heading. You may filter for sales orders that match specific criteria by typing a value in the text field or selecting an option from the drop-down list. Clicking the Clear Filters button will clear your search. Any filters that are applied in list view will carry over to the List Navigator on the profile page.

Quick Action
  • Delete Payment Term - Remove the payment term from the list view and archive the record in LOCATE. This action cannot be undone from the list view.

Clicking on a specific record takes you to the profile page of that payment term.

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Payment Term Profile Page

The payment term will be the name of the main sub-tab.

  • The name of the payment term is displayed here. The name is often descriptive of the parameters of the payment term.
Due Date Based On
  • Here you may specify whether the payment is due on a particular day of the month, or after a certain numbers of days after delivery of the order.
Payment Due
  • The date that payment is due will be listed here.
  • If you would like to provide a percentage discount for receiving payment within a specified amount of time, it will be displayed here.
Applied if Paid Within
  • Here you may specify when you would like to apply the discount.

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Module Navigation Bar


You may view and edit all of the payment term information. Click Edit Details to modify the payment term.

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  • Delete Payment Term - Remove the payment term from the list view and archive the record in LOCATE. This action cannot be undone from the list view.

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Create Payment Term

  1. Click New Payment Term in the upper left.
  2. Fields:
    1. Name
    2. Due Date Based On - Select the method of timing for the due date.
      • Specific Day of the Month, OR
      • Fixed Number of Days After Delivery
    3. Payment Due - Enter either the specific day that payment will due each month, OR the number of days after delivery, depending on your selection of the field above.
    4. If the payment term is due on a specific day of the month, you will need to fill out the Payment due following month if within field.
    5. Discount Amount - Enter the percentage of discount to be applied, if any.
    6. Discount Applied if Paid Within - Enter the time limit for the discount to be applied.
  3. Click Save.
    • If you are adding multiple payment terms, click Save And New to save the current payment term and be redirected to another create screen.

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Delete Payment Term

Payment terms may be deleted from the list view under the Quick Actions Menu, or:

  1. Navigate to the payment term you would like to delete.
  2. Click Actions, and select Delete Payment Term.
  3. When prompted, click Yes.

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