To check the terms related to the client, in the Point of Sale, you can add or create a new client and then edit the file by clicking on the blue pencil beside the name Client.
The Terms tab contains the sales terms that you have agreed with the client, or that you have decided to grant him/her.
The first line of fields indicates whether the customer has a Credit to use your services or consume your products. The maximum and warning credit can be filled to limit your clients' expenses. You can also fill in the “Term” field to define how long the customer can use this credit. If you have granted a special discount to this customer, insert it in the “Discount (%)” field, with the condition of payment by a date you will determine.
The next line of fields does not need to be filled in. These are the accounts to be credited for payment. Don't worry, the system will use the default accounts. The same applies to taxes: the solution will take into account the system's default rules by province and country.
The following fields concern the client's billing and credit history. If you already have this information, you can insert it here. First, there's the “Last invoice date”. If there is an unpaid invoice, you can mention it in the middle field, “Date of last unpaid invoice”.
In the case of a non-creditworthy client, or one whose ability to pay gives you cause for concern, the field “Reason why client is monitored”, is used to indicate whether it is necessary to monitor the client.
At the bottom of the page, there is a section where you can add additional information about the client and their payment method.
Below this section, there is a text box where you can enter other notes regarding the client’s terms. Whatever you enter in this field will appear on all invoices issued to the client. Therefore, it may be helpful to include the maximum and minimum credit terms here.
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