> ## Documentation Index
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# QRG Create Payment Terms
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## Purpose
The purpose of this quick reference guide is to step through the process of creating Payment Terms. The
intended audience for this document is System Administrators / Standard Users.
## Steps
### Create a new Payment Terms record
The Payment Terms record holds information related to the due date of an Invoice and number of days
that can be applied to calculate the due date.
To create a Payment Terms record, follow the steps below:
1. Go to the **Payment Terms** tab.
2. Click on the **New** button. (See Figure 1)
3. Populate the following required fields to provide the base details of the Payment Terms: (See
Figure 2)
1. **Payment Terms Name**
2. **Payment Terms Description**
3. **Due From**
4. **Days From**
4. Click on the **Save** button.
5. A new Payment Terms record has been created and is ready for use on Invoice Settings. (See
Figure 3)
Alternatively, a Payment Terms record can be created using the corresponding Invoice
Settings record’s related list.
Payment Terms records CANNOT be deleted if they have related records or are used in
other records. Deleting records is not recommended unless absolutely essential.
6. To modify an existing **Payment Terms** record, open the required record and select the **Edit** button
available on the top right side of the page. You can also double click in any of the fields that need
editing or just click on the pencil icon that appears within fields when you move your cursor
over the field.
7. When complete, click on the **Save** button.
## Field Descriptions
**Payment Terms Name** is the name given to the new Payment Terms record and is then referenced in
Invoice Setting Records. This will be displayed on the Invoice PDF.
**Payment Terms Description** records a detailed description of the Payment Terms to assist Users in
selecting the correct Payment Terms. This will not be displayed on the Invoice PDF.
**Due From** defines if the Invoice Due Date should be calculated based on the Invoice Date or the Last Day
of the Month. This is a picklist of either Invoice Date or Month End.
**Days From** defines the number of days to be applied to the Invoice Date/End of Month when calculating
the Invoice Due Date. Enter the number to be combined with the Due From field to auto calculate the Due
Date.
## Further Information
| Document | Document Type | Description |
| ------------------------------------- | ----------------- | -------------------------------------------------------------- |
| QRG Create an Invoice Entity | Task Instructions | How to create Invoice Entity records |
| QRG Create an Invoice Schedule | Task Instructions | How to create an Invoice Schedule |
| QRG Create an Invoice Calendar | Task Instructions | How to create an Invoice Calendar and Invoice Calendar Periods |
| QRG Create an Invoice Settings record | Task Instructions | How to create Invoice Settings |
| QRG Create Tax Ids | Task Instructions | How to create Tax Id records |