How to Create and Manage Terms

Managing financial terms in CommerceJet allows you to define payment conditions for purchase orders and invoices. Follow this guide to create, edit, and manage financial terms to streamline your payment processes.

Step 1: Navigate to Financial Terms

From the CommerceJet Dashboard, locate and click on Settings in the side menu. From the drop-down list, select Terms. This will take you to the Financial Terms list, where you can view the existing payment terms.

Step 2: Add a New Financial Term

To add a new financial term, click the Add New button at the top of the Financial Terms list. A form will appear where you can enter the details of the new financial term.

Step 3: Provide Financial Term Details

In the form, type in the name of the payment term you want to create. For example, Net 120 or Payment on Delivery. Once you’ve entered the name, click Submit to save the new financial term.

Step 4: Edit or Delete Financial Terms

To modify an existing financial term, locate the term in the list and click the Edit button next to it. Make any necessary changes, and then click Update to save the updated information.

To delete a financial term, click the Delete button next to the term you wish to remove. Be sure to use clear and descriptive names for financial terms so they are easy to identify when applied to purchase orders or invoices.

Pro Tip: Use consistent naming conventions for your financial terms (e.g., Net 30, Net 60) to ensure clarity and avoid confusion when processing invoices and purchase orders.

Success!

You’ve successfully created and managed financial terms in CommerceJet. These terms can now be applied to your purchase orders and invoices, helping you streamline your payment processes.

Need Help? For more tutorials or assistance, visit our Help Center at CommerceJet.