Create Payment Terms
How to Create Payment Terms in Muhasib ERP
Overview
This guide will help you create payment terms that produce the intended due date and ageing classification.
Eligible invoices use the terms for due dates and ageing; company defaults can preselect them.
Who can do this
You need access to Payment Terms and Payment Terms Add.
Before you start
Define term name, day count/calculation, immediate-payment behavior, and business policy.
Before saving, check that the correct company is open and that you have permission to complete this task.
Where to find it
Back Office → Muhasib Financials/setup → Payment Terms.
Create Payment Terms
Step 1: Choose New Record
Step 2: Enter short and long descriptions
Step 3: Enter the verified term/days value
Step 4: Save
Step 5: Apply it to a disposable sale and purchase
Check your work
Compare invoice date/due date and Customer/Supplier Ageing at boundary dates.
Take a moment to check your work before closing the window. This small check can save time later.
If something goes wrong
- Do not change a term to repair one invoice.
- Check whether historical invoices keep original due dates.
Related guides
- Configure Customer, Credit, Loyalty, and Party Rules
- Review the Customer Ageing Report
- Review the Supplier Ageing Report