Assign or change Accounts Payable terms

Assign a default AP term to a vendor to use that term automatically for new bills. You can select a different term for an individual bill when you create or edit the bill.

The term selected for a bill determines the following:

The due date
The recommended payment date, if you've set default bill payment parameters for the vendor.
How the bill total is calculated in Pay bills term includes a discount and you pay within the discount period.

Set the default term for a vendor

Assign a term to a vendor to use it as the default for new bills for that vendor. Changing the default term affects bills that you create after you save the change. Existing transactions are not affected.

Subscription	Accounts Payable
User type	Business Employee Project Manager Warehouse
Permissions	Vendors: List, View, and Edit

Go to Accounts Payable > All > Vendors.
Find the vendor.
Select Edit at the end of the row.
Select the Payment information tab.
For Term, select the term that you want to use as the default.
If you pay this vendor by check, you can select Display the term discount on the check stub.
Select Save.

Go to Accounts Payable > All > Vendors.
Find the vendor.
Select Edit.
Select the Payment information tab.
For Term, select the term that you want to use as the default.
If you pay this vendor by check, you can select Display the term discount on the check stub.
Select Save.

Change the term on an existing unpaid bill

You can change the term on an existing unpaid bill if the bill originated in Accounts Payable and is in an editable state. For more information about when you can edit a bill, see Edit an unpaid bill.

Changing the term can update the Due date of the bill. If your company uses bill approvals and the bill was previously approved, changing the term sends the bill through the approval process again.

Subscription	Accounts Payable
User type	Business
Permissions	Bills: List, View, Edit

Go to Accounts Payable > All > Bills.
Find the bill that you want to edit.
Select Edit at the end of the row.
For Term, select a different term.
The Due date updates based on the selected term.
Select Post or Submit.

Go to Accounts Payable > All > Bills.
Find the bill that you want to edit.
Select Edit.
For Term, select a different term.
The Due date updates based on the selected term.
Select Post or Submit.