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!
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