Setting the default payment terms for a vendor comes in handy when you’re inputting bills. Once set, the payment terms will automatically populate on the bill when the vendor name is selected from the Vendor dropdown on the Enter Bills screen.

To set the default payment terms for a vendor, while in the Vendor Center double click on the vendor (1), click the Payment Settings tab (2), click the Payment Terms dropdown and select the terms (3), and click the OK button (4).

The next time you input a bill for this vendor the payment terms will populate the bill by default. Click on the screenshot below for a larger view.

Hope this helps!

Scott

 

More information like this can be found in my courses here.

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Author: Scott Meister, CPA

I help small businesses, accountants, bookkeepers, office managers, and business owners with their accounting needs. I’ve used QuickBooks since 2002 and train folks on how to use it efficiently. I create high-quality video training tutorials for QuickBooks and post them on QBScott.com

Certifications include:

Certified Public Accountant (CPA)
Certified Bookkeeper (CB)
Advanced Certified ProAdvisor for QuickBooks Desktop
Advanced Certified ProAdvisor for QuickBooks Online
Certified ProAdvisor for QuickBooks Enterprise
Certified ProAdvisor for QuickBooks Point Of Sale