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Payment Terms

Payment terms define invoice due dates and discounts. Automation tracks terms and calculates discount opportunities.
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What are Payment Terms?

Payment terms are the conditions agreed upon for payment of an invoice, such as the due date and any early payment discounts. Common terms include net 30 and 2/10 net 30 (2% discount if paid within 10 days). Automated payment term tracking monitors payment status, calculates discounts, and identifies aged payables.

See also
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Order to Cash

Order to cash spans order to collection. Automation streamlines workflows and accelerates cash conversion.
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Payroll Reconciliation

Payroll reconciliation verifies expense accuracy. Automation matches payroll to GL and validates compliance.