Terms

Terms
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Terms
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QuickBooks Online Training
 
Video Tutorial Over Terms

A shorthand way of expressing when you expect to receive payment from a customer, or when a vendor expects to receive payment from you. Terms show the number of days (or date) by which payment is due and can include a discount for early payment.

Example: 1% 10 Net 30

This means: payment due in 30 days, 1% discount if paid within 10 days.

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