Set Default Payment Term

The default payment term is preselected for billing accounts in your Gotransverse environment. Only one payment term can be the default payment term for the environment.

When creating a billing account, if you set payment term to Default, the payment term for the account is the payment term associated with the selected account category. This may or may not be the default payment term for the Gotransverse environment. Refer to Account Categories for more information.

Complete the following steps to set which payment term is set as the default for the Gotransverse tenant:

  1. Select Setup from the Gotransverse application menu Module menu icon.

  2. Click Payment Terms in the left pane.

    Payment Terms Window

    Payment Terms Window

    Click the collapse icon icon in the left pane to hide it. Click the icon to open it.

  3. For the payment term you want to make the default, click the Make Default active link in the Actions column.

That payment term is now the default for the Gotransverse tenant.