Payment terms set the conditions under which an invoice will complete a subscription. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, a deferred payment period of 30 days or more, or other similar provisions.
Payment terms are set on the tenant level as default. Payment terms can be overwritten on the customer, to allow differentiated terms of client base, or by setting it directly on draft and unbooked invoices.
When using an active and online payment like a credit card, MobilePay or accunt-to-account payment, the payment terms automatically get set to 0 days (immediate payment) as the sale is completed at once.