This article is for Drake Accounting 2019. To view this article for Drake Accounting 2018, click here

Payment terms and discounts for early payment can be set up in Drake Accounting. Once these terms have been set up, you can identify the terms that apply to each customer in Customer Setup. Go to Receivables > Customer Setup, select the customer, and on the Customer Info tab, select the desired terms from the Terms drop list field. Terms specific to the customer appear on their invoices.

To set up terms, complete the following:

  1. Go to Receivables > Options > Payment Terms tab.
  2. Click the  to create a new payment term. Click the  to delete it. 
  3. Complete the following fields:
  4. Click Save.


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