Terms are the conditions under which:
A customer owes payment on an invoice or statement charge.
Your company owes payment on a bill.
QuickBooks uses a shorthand notation to express payment terms. For example,
1% 10 NET 30 means "payment due in 30 days, 1% discount if paid within 10
Two or more payment terms
Click the Terms drop-down list and choose Multiple terms. Select each set of terms you want
to include in the report.
One set of payment terms
Click the Terms drop-down list and choose a set of payment terms from the bottom section of the list.