Trading Terms

This effects both sales document creation and the way the debtors system handles the customer. If you select Cash Only as the trading terms for a customer then the sales system will only allow cash Quotes, Orders, sales and refunds to be raised against that customer. If you select any of the other trading terms for the customer then Quotes and Orders will not be limited to cash and invoices and credit notes will also be permitted.

The period associated with a trading term will be used to print the due date (optionally) on the statement and to calculate what portion of a customers balance is overdue. The period can be specified in months or in days (see the section Pulldown Lists for details), however the overdue balance is only updated at the end of each month.