ConnectWise Billing Terms Setup Table
Billing terms define the grace period between invoice date and payment due date. ConnectWise calculates the due date by adding the Due Days value to the invoice date. Set them up once here, then apply them at the company, agreement, or individual invoice level.
Field descriptions
| Field | Description |
|---|---|
| Description | Name of the payment terms (e.g., “Net 30”, “Due on Receipt”). |
| Default Flag | Select to make these terms the default for all newly created companies. You can override the default on the Company Finance screen for individual customers. |
| Due Days | Number of days from the invoice date before payment is due. |
| Terms Xref | Used only for the MAS GL integration or QuickBooks Online integration. Leave blank if you use neither. |
Billing terms hierarchy
You can set billing terms at multiple levels. A more specific setting overrides a broader one. From most specific to least:
- Bill Terms field on an individual invoice (highest priority)
- Project Finance tab on a project
- Terms field on a specific agreement
- Terms field on the Agreement Type Setup Table
- Billing Terms field on the Company Finance screen
- Billing Terms Setup Table default (lowest priority)
Note: You can also set billing terms directly on a project via the Project Finance tab.
If you use specific billing terms to mark auto-pay or ACH clients (for example, a term called “ACH on file”), enable the Auto-Pay Indicator option on those terms in Better Invoice. Better Invoice will automatically print a customizable message — for example, “This invoice will be automatically charged to your payment method on file” — on every invoice that uses those terms, so your auto-pay clients don’t pay twice by accident.