---
title: Payment Terms Screen
description: "**Last verified with:**10.8.6.0 Payment Terms are configured in Setup / Finance / Dunning Process / Payment Terms ## Overview Payment terms are used to define how invoice due dates are determined. These terms are later selected through accounts receivable term…"
url: "https://learn.logisense.com/docs/608731158/"
updated: "2026-04-02"
category: "Dunning & Collections"
tags:
  - "lsb-screen-help"
---

# Payment Terms Screen

**Last verified with:**10.8.6.0

 Payment Terms are configured in Setup / Finance / Dunning Process / Payment Terms

## Overview

Payment terms are used to define how invoice due dates are determined. These terms are later selected through accounts receivable term configuration so that accounts follow the intended payment timing rules.

A payment term can be based on a fixed day of the month, a net number of days, or an on-due-date behavior depending on the payment-term type selected.

## Prerequisites

There are no required prerequisite setup steps before creating payment terms.

## Payment Terms Panel

The Payment Terms panel on the left displays the available payment terms. Selecting a payment term loads its details on the right so you can review or update it.

### Actions

| **Icon** | **Description** |
| --- | --- |
| ![](https://learn.logisense.com/wp-content/uploads/2025/05/delete-button.png) | Allows you to delete a payment term. Payment terms in use (configured on AR Terms) cannot be deleted |
| ![](https://learn.logisense.com/wp-content/uploads/2025/05/add-button.png) | Adds a new payment term |

## Edit Payment Term Panel

The Edit Payment Term panel displays the selected payment term and is where its settings are maintained.

### Fields

- **Name**: The descriptive name for the payment term.
- **Payment Term Type**: Determines how the due date should be calculated.
- **Term**: Appears when the selected payment-term type uses a net number of days.
- **Day of Month**: Appears when the selected payment-term type uses a fixed day of the month.

### Payment Term Types

- **Day of Month**: Sets the due date to a specific day of the month.
- **Net**: Sets the due date by adding a number of days to the applicable billing date basis.
- **On Due Date**: Uses the invoice due-date behavior defined by the broader billing configuration.

### Conditional Field Behavior

- When **Payment Term Type** is **Net**, the **Term** field is shown and required.
- When **Payment Term Type** is **Day of Month**, the **Day of Month** field is shown and required.
- When the type is **On Due Date**, neither of those value-entry fields is required.

## References Tab

The **References** tab shows where the selected payment term is already in use. This helps determine the impact of changes and whether the payment term can be deleted.

Where references exist, the tab lists the related items by name.

## Guides

### Adding Payment Terms

- In the Payment Terms panel, click the add icon.
- Enter the payment-term details.
- Select the **Payment Term Type**.
- Complete the related value field if the selected type requires one.
- Click **Save**.

### Editing Payment Terms

- In the Payment Terms panel, select the payment term you want to update.
- Modify the payment-term details as needed.
- Click **Save** when you are finished.

### Deleting Payment Terms

 **Note:**Payment terms that are already in use cannot be deleted until they are removed from the items that reference them.

- In the Payment Terms panel, select the payment term you want to delete.
- Review the **References** tab if you need to confirm where it is used.
- Click the delete icon.
- On the confirmation dialog, click **Yes**.