You can set up and manage credit terms within Foundations where they are available to be used by other FinancialForce applications. If the Foundations credit terms feature is enabled in Feature Console, Foundations uses credit terms to calculate billing document due dates.
When creating and editing billing documents, you can either supply a document's due date or you can leave it to be calculated automatically:
- If the billing document is an invoice, the due date is calculated from credit terms set on the document's account, or from credit terms set on the document's company if none exist on the account. If none exist on either the account or company, the due date is set to the document date.
- If the billing document is a credit note, the due date is set to the document date.
If the credit terms feature is not enabled, due date is always set to the document date.
For more information, see