Set payment terms in an invoice scheme

Set invoice expiry days and status updates per scheme.

Payment terms for invoices are set inside the invoice scheme.

You do not create them as a separate standalone record.

1

Open the invoice settings

Go to Invoices.

Click the cogwheels in the top right.

2

Open a scheme

Create a new scheme or edit an existing one.

3

Set the expiry days

Find Invoice expires after X days.

Enter the number of days you want to use as the payment term.

4

Choose status updates

Turn on Update statuses automatically if invoice statuses should change when the expiry date passes.

5

Save the scheme

Click Save.

Good to know

• Each scheme can use a different payment term.
• The expiry setting also affects reminder timing.
• The payment term is part of the scheme setup.

Exact integration note

If you export invoices to Exact, the payment terms in OutSmart and Exact must match exactly.

If they do not match, Exact can reject the invoice export.

Frequently asked questions

Can I use different payment terms for different customers?

Yes.

Use different invoice schemes.

Does this control reminder emails too?

Yes.

Reminder timing depends on the invoice expiry date.

Is this a separate settings page?

No.

It is part of the invoice scheme.

Related topics

• Create an invoice scheme
• Create an invoice email template