Xin Cube Home > Articles > Xin Invoice 3.0 User Guide > Set System Data > Payment Terms
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Payment Terms

Xin Invoice 3.0 allows you set unlimited Payment Terms. By default Xin Invoice 3.0 create Payment Terms COD(Cash on Delivery), 7, 30, 60 and 90 Days. Each customer can set to have a default Payment Terms.

1. In Xin Invoice 3.0 program, click on "Setting" tab. On the top menu, click "Payment Terms" button.
Define Payment Terms

2. By default Xin Invoice 3.0 create Payment Terms COD(Cash on Delivery), 7, 30, 60 and 90 Days.
Payment Terms

3. Now, click on "Delete" button beside "7 Days", then click "Save" button on the top menu to delete 7 days Payment Terms.
Delete Payment Terms

4. At the last row, add the following, and click button "Save":
    Days : 3
    Description : 3 Days
Add new Payment Terms

5. Next, lets create a Customer. Go to "Customer" tab, click button "New" on the top menu.
Open Customer Database

6. Enter "Customer A" for Customer Name, then select "3 Days" under Payment Terms. Click button "Save"
New Customer

7. Now you've set a default "3 Days" Payment Terms to Customer A. 8. To see how it works on Invoice, go to Invoice tab. Click on "Create New" under "New" button in Invoice Database form.
New Customer

9. In the Invoice input form, select "Customer A" for Customer column. You will notice Payment Terms will be auto populated with "3 Days" because Customer A has a default Payment Terms "3 Days". Also, the "Due By" date will be auto set to 3 days after Invoice Date.
Invoice Input Form

10. Enter the following for Invoice item, click button "Save":
    Item Code : [leave blank]
    Description : Item One
    U.O.M. : [leavel blank]
    Unit Price : 10.00
    Quantity : 1
Invoice Item

11. On the popup confirmation, click "OK" to generate an Invoice.
Generate Invoice

12. Back to Invoice Database, a row of new Invoice created.
Invoice Database

13. Now, double click on the record to open the Invoice detail. Set the Date back to 1-Nov-2014, click button "Save".
Invoice Date

14. Check on Invoice Database, the overdue unpiad Invoice is highlighted in red for your attention.
Invoice Date

Next : Click here to learn about Inventory Category >>
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