How to Setup Payment Terms

Payment Terms regroup all the conditions under which a sale is completed and paid. They can be applied to sales orders, customer invoices, and supplier bills, mostly to ensure that they will be correctly paid, and on time. These conditions cover:

The due date
Some discounts
Any other condition on the payment
Defining Payment Terms automates the computation of payments due dates, both for invoices and bills. This is particularly helpful in managing installment plans.

An installment plan allows the customers to pay an invoice in parts, with the amounts and payment dates defined beforehand by the seller.

Video Contents
00:00 Introduction
01:42 How to Manage customer Bills and Invoice
02:00 Create a New Payment Term
04:11 Creating a Sale Order
06:38 HOw to change the Payment Term

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Reference: https://www.cybrosys.com/blog/how-to-create-and-use-payment-terms-in-odoo
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