vendor payment terms
Hi. Please as a matter of urgency make it possible to enter vendor payment terms. That way we will nor have to enter two dates on supplier invoices which will save a lot of time,
To provide payment terms to vendors, kindly navigate to the contact >> edit >> enter the required payment terms in the ‘Payment Terms’ field under ‘Other Details’ section of the contact.
Payment reminders can also be set by navigating to Settings >> Reminders >> Automated Reminders – Bills >> Turn On. (Refer https://www.zoho.com/books/help/settings/reminders.html#automate-bills)
Hope this helps.
Zoho Books team
Kenny Dang commented
Please add this feature, it's a very important feature.
This is basic accounts payable procedure. as a purchaser, we have many accounts with many different vendors and we get different payment terms from each vendor, for example, 30 day terms, 15 day terms, COD, etc. we should be able to enter the payment terms per vendor so that when we create a bill it will not automatically show 'payment due' but rather will determine when the payment is due based on the terms we pre-defined with each vendor we create. maybe also send an email reminder a few days prior to due date of the payment.
I agree. It is essential for cash flow managent.
MUHAMMAD MOHSIN commented
THERE SHOULD BE AN OPTION OF WHT AT THE TIME OF PAYING VENDORS BILL.