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Overview

Payment terms define when invoices are due. Setting sensible defaults here saves time on every invoice and ensures consistent terms across your customers.

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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”)
You can override payment terms per counterpart (in Counterparts → Payment Terms) and per individual invoice. The per-invoice setting always wins.

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Payment Terms Templates

Create named templates for common scenarios:
TemplateDaysUse case
Net 1515Fast-moving goods, preferred clients
Net 3030Standard B2B default
Net 6060Large enterprise contracts
Due on Receipt0Retail, one-off services
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.

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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.
Double-check your IBAN before saving. An incorrect IBAN on invoices means customers can’t pay you and you’ll need to re-issue documents.

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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
Go to Settings → Payment Methods and enable the methods relevant to your business.

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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)
Even if you don’t enforce penalties, adding penalty text to invoices often improves on-time payment rates.