> For the complete documentation index, see [llms.txt](https://docs.rmhpos.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.rmhpos.com/store-manager/configure-pos-and-store-manager/accounts-receivable/setting-up-payment-terms-for-ar.md). # AR payment terms 1. Click **Setup**. 2. Expand **Customer**. 3. Expand **Account Receivables**. 4. Click **Payment Terms**. 5. Do one of the following: * To add a new payment term, click **New**. * To edit an existing payment term, select it and click **Edit**. * To copy an existing payment term, select it and click **Copy**. 6. Enter information about payment terms.
FieldDescription
CodeA unique code that identifies the payment terms.
NameThe name of the payment terms.
InactiveSelect this option to deactivate the payment terms.
Due After Date

Select one of the following:

  • Closing
  • Invoice

If there is a balance owing, the AR account holder has the number of days specified in the Grace Period to pay the entire balance without incurring finance charges.

Grace PeriodThe number of days after the billing cycle closing date or invoice date the AR account holder has to pay the entire balance without penalties. If you have set net payment terms, e.g., net 30, enter 30 into the Grace Period field.
Minimum PaymentThe minimum payment that you want the AR account holder to pay on the account balance. This amount is displayed in the account statement. It is a recommendation only. Store Manager and POS do not enforce this amount and the AR account holder can make a payment that is less than the specified Minimum Payment amount.
7. Click **Save And Close**. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.rmhpos.com/store-manager/configure-pos-and-store-manager/accounts-receivable/setting-up-payment-terms-for-ar.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.