Terms
Use this area to set accounts receivable payment terms, credit limits and exemptions for transaction, invoice, and statement processing.
To change the payment terms for an account, click the Set Custom Terms button. A window similar to the following with the standard terms appears.
Make the desired changes and click the Save button. Click the Cancel button to undo any changes.
NOTE: Standard payment terms can be configured by selecting Setup | Configure – Standard Terms.
Credit Limit
The credit limit feature is only available with the Interact Professional version where account balances are maintained in Interact. This feature does not work across multiple database environments like DataSync.
Exemptions
Check the boxes for any exemptions specific to the selected account.