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Payment terms

From Payment Terms, you can create and view payment terms in MIDLA, such as Immediate Payment, 15 Days, or 30 Days.

Navigation path:

Invoicing → Settings → Payment Terms

How to create a payment term​

1. Open Payment Terms​

From the Invoicing module, go to Settings and select Payment Terms.

The list of registered payment terms appears.

Payment term list in MIDLA

The list displays:

  • Payment Terms
  • Company

Use the Search field to find a record or the Group by option to organize the list.

You can also view the All and Archived tabs.

2. Select Create Payment Terms​

In the upper-right corner, click Create Payment Terms.

The creation form opens.

Form for creating a payment term

3. Complete the details​

Complete the following fields:

  • Payment Terms: enter a name that identifies the payment term, such as Immediate Payment or 30 Days. This field is required.
  • Early Payment Discount: enable the toggle if an early payment discount applies.
  • Note: add information or clarifications about the payment term, if applicable.

The Note field includes text formatting tools.

4. Save the payment term​

Once you have completed the details, select one of the following options:

  • Create: saves the payment term.
  • Create and create another: saves the record and allows you to create a new one.
  • Cancel: cancels the creation.

Manage payment terms​

Each record in the list includes the following actions:

  • View: allows you to view the payment term details.
  • Edit: allows you to modify its details.
  • Delete: allows you to delete the record.

Result​

The payment term is registered in MIDLA.

You can view it under Invoicing → Settings → Payment Terms.