Overview
Payment terms define when invoices are due. Setting sensible defaults here saves time on every invoice and ensures consistent terms across your customers.Default Payment Terms
Go to Settings → Payment Terms to configure:- Default due days — Number of days after invoice date that payment is due (e.g. 30 = Net 30)
- Terms label — The text shown on invoices (e.g. “Net 30”, “Due on receipt”, “2/10 Net 30”)
Payment Terms Templates
Create named templates for common scenarios:1
Go to Settings → Payment Terms → Add Template
Enter a name and number of days.
2
Set as default (optional)
Mark one template as the account-wide default. It pre-fills on all new invoices unless a counterpart-level override applies.
Bank Account for Incoming Payments
Add your business bank account so customers know where to send payment:1
Go to Settings → Bank Accounts → Add Account
Enter IBAN, BIC/SWIFT, bank name, and account holder name.
2
Set as primary
The primary bank account appears on all invoices automatically.
Accepted Payment Methods
Configure which payment methods you accept. These appear as guidance text on your invoices:- Bank transfer (SEPA, SWIFT)
- Credit/debit card (if integrated with a payment processor)
- Cash
- Cheque
Late Payment Settings
Optionally configure late payment penalties:- Grace period — Days after due date before penalties apply
- Penalty rate — Annual interest rate applied to overdue amounts (e.g. 5%)
- Penalty text — Legal text shown on invoices (required in some jurisdictions)