About Accounts Payable terms

AP terms define when vendorbills are due and, when applicable, discounts for early payment, penalties for late payment, and grace periods.

You can assign a default term to a vendor or select a different term on an individual bill. When you assign a term to a vendor, Sage Intacct uses that term by default for new bills for that vendor. You can override the default on individual bills.

Sage Intacct uses the selected term to determine the bill due date and calculate amounts due based on the payment date.

AP terms can be shared across entities or restricted to a specific entity. Create terms at the top level to share them across entities. For entity-specific terms, use a naming convention that makes them easy to distinguish from top level terms.