Payment Terms

What are Payment Terms?

Payment terms are the agreed-upon conditions between a buyer and a seller. These terms specify how and when payment should be made. They define due dates, applicable discounts, penalties for late payments, or instalment plans.

In a CRM system, these terms are integrated into quotes, sales orders, and invoices. This integration helps streamline and standardize the payment process.

Managing Payment Terms

Payment Terms List View

• Log in to Zhylar.
• Go to Left-hand panel
• Click on Configuration
• Under Masters, click on Payment Terms

• Check the list of Payment Terms added to the system.

Add New Payment Term

• Click + New Payment Term

• Enter details

• Name- Name of payment term.
• Days- The number of days within which payment term must be satisfied.
• Toggle “Make Default” if needed.
• Default payment terms are auto-applied to documents.
• Click Save

Update Payment Term

• Click ⋮ > Update

• Make changes

• Save

Please note

• Default Terms: Auto-applies to all documents. However, a user can still edit or change it as per the requirement in that particular document.
• For SO and invoice, the “payment days” refers to the due date within which the payment should be received. E.g., the invoice must be cleared/paid in X number of days.
• For quotes, payment terms is for reference purpose only. The expiry date has no implication on payment terms.
• Global Use: Consistent payment policies

Delete Payment Term

• Click ⋮ > Select Delete

• Type “DELETE” to provide confirmation.
• Payment term will be deleted.

• If Payment Term is associated with some other modules, e.g., Quotes, then it cannot be deleted.
• You will receive an error message.

• Delete relevant document first to proceed with deleting the payment term.

Discover how Zhylar can streamline your sales and elevate your business processes. Visit our website or book a demo today to experience the difference!