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R
rachel-beyondfoa
June 23, 2022
Question

I have several suppliers that the payment terms are end of the month following, or the 15th of the month following. Can I set up default terms based on invoice date?

  • June 23, 2022
  • 1 reply
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1 reply

J
JamesM4
June 24, 2022

Hello rachel-beyondfoa,

 

Thanks for taking the time to reach out to us here in the Community. Recording your transactions properly is an essential step for maintaining clean books. QuickBooks is a powerful program that enables you to enter your recurring transactions without any hassle. 

 

Just to confirm, are you looking to set up a recurring transaction? If so, I encourage you to check out this helpful article that provides more info on how to: 

Create recurring transactions in QuickBooks Online. The article does a great job at showing you how to use and enter a recurring entry in QuickBooks. I encourage you to check it out and let me know if you need anything else as you go through the article. 

 

Feel free to ask other questions, I've got your back.

R
rachel-beyondfoaAuthor
June 24, 2022

Not a recurring transaction.

 

I am entering a bill from a supplier. Their terms on payment due on the 15th or 30th of the month following. I would like to set that up as the default term for the supplier instead of N30, etc.

A
Alex M
June 24, 2022

Hi there rachel-beyondfoa,

 

In order to create a new payment term in QuickBooks Online, go to the Gear icon, then All lists. Click on payment terms, then you can add a new one from this section.

 

There isn't the option to set up default payment terms for a specific supplier, but you can set up a default term for all bills by going to the Gear Icon, then Account and settings. Go to the Expenses tab, then select Default bill payment terms. I can see how having the ability to add this information for each individual supplier would be a feature you'd like to see to help manage your expenses and payables. I recommend leaving feedback in the system by clicking on the Gear Icon, the Feedback. The comments in that section are taken into consideration when designing new features for QuickBooks Online.

 

If you have any other questions feel free to reach out here.

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