Credit Terms

The credit terms that are applied by default when a customer places an order with an invoice flow (both via a webstore or the admin panel) can be configured on a customer-by-customer basis with the following fields:

• Terms: number of days credit to apply by default

• EOM Terms: EOM (End of Month) means that instead of an invoice falling due the exact number of days after the invoice date as specified by the terms, it will fall due at the end that month. For example, if you apply 60 days terms and EOM and the invoice date is 15/6/22, instead of the invoice being due on 15/8/22, it will be due on 31/8/22.

These are the terms applied by default on new orders, but admins can vary them on an ad-hoc, order-by-order basis if necessary.