You can create just about any payment terms you want in Fishbowl with the help of the Payment Terms module. Here are some examples of payment terms you might use:
Cash Account- Cash Before Shipment
- Cash Concentration and Disbursement
- Cash In Advance
- Cash Next Delivery
- Cash On Delivery
- Cash With Order
- End of Month
- Net 30
- Net 60
- Net 90
- Payment In Advance
- Stage Payment
To create new payment terms, click the New button and enter a name for them in the text box. If you want, you can include some additional information about the payment terms:
- Net Days
- Discount Percent
- Discount Days
If you prefer the payment terms to be date driven, you have options for that, as well:
- Due Date
- Next Month If Within ____ Days
- Discount Percent
- Discount Date
Then you just need to click on a couple of checkboxes if you want the payment terms to be active and the default payment terms.
Once you save your changes, you’ll be able to add the payment terms to different orders in Fishbowl. Also, you can import payment terms from QuickBooks and via CSV files, if you already have ones that are ready to go.
We’ll take a look at the Property module next time.
Robert Lockard is a copywriter with Fishbowl. He writes for several blogs about inventory management, manufacturing, QuickBooks, and small business. Fishbowl is the #1-requested manufacturing and warehouse management software for QuickBooks users. Robert enjoys running, reading, writing, spending time with his wife and children, and watching movies.
