Credit Terms Admin
Under the ‘Accounts’ menu there is an admin screen for creating and editing ‘Credit Terms’:
The list of current credit terms will show:
The Credit Terms are divided into two ‘Due’ types – Fixed and Other:
** Instructions field can be added to the quote letter if required
FIXED
Offers Current Month, Following Month or Month(s) after Invoice.
30th of the following month
Setting up for the 30th of the ‘Following Month’ would use this rule with a 30 in the ‘Day of Month field:
60 days from the end of month
Setting up for the 60 days from the end of the month would use ‘Month(s) after invoice’ with the months at 2 and the day of the month. In this case we select the 30th:
OTHER
Other offers ‘Period after Invoice’.
This would be used for setting a specific number of days after the invoice date.
For 30 days after invoice, simply enter 30 into the ‘Days’ field when ‘Period after Invoice’ has been selected:
The credit terms are ordered with the ‘Default’ entry appearing at the top of the list. This is followed by Credit Terms of type ‘Other’ first followed by 'Fixed'. This order is also reflected when selecting on the Customer record:
New credit terms can be created by clicking the ‘+’ button on the heading:
Related Articles
Payment Method - Online Credit Card
For a client to be able to pay with a Credit Card through the Payment Gateway you will need to first change their credit terms to Online Credit Card. Once you have logged into to your PrintIQ site you will need to click on the Admin tab, followed by ...Customer Pre-Paid Credit
Setting up a customer with Pre-paid Credit gives you the flexibility to invoice your customer ahead of time. This in turn gives your customer the options to pay for a job by using the Pre-Paid Credit or by paying for or part of the quote via credit ...IQstore Admin
Under ‘IQStore Admin’ you can do various tasks such as create new IQStore items, adjust stock levels and create new tags and item types. To enter click onto Admin under the ‘IQStore’ heading. From here you can see a list of all the IQStore Items that ...Credit Notes
IQ is a ‘one-way’ export. Amendments can be done in your accounting software only if you like. If you want to make the alteration in IQ and then export, follow the below procedure. When you need to credit an invoice, go into the exported invoice in ...Customer Credit Limits
Setup customer credit limits At a customer level, we have the option to apply a credit limit. This will allow customers to only have a certain amount of debt, so that you don't lose money to bad debts without realising it. To enable this ...