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Manage Your Billing Processes with Salesforce Billing
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            Payment Terms

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            Payment Terms

            A payment term represents the period of time customers have to pay for an invoiced order product. You can select a payment term on a quote, which flow to the resulting order and all its order products. You can also select an order's payment term on your own before invoicing the order. When you invoice the order, Salesforce Billing uses the order's payment term to calculate the invoice's due date. (Salesforce Billing Managed Package)

            Required Editions

            Available in: All Salesforce Billing Editions

            An invoice's due date equals the invoice's Invoice Date field plus the order's payment terms. For example, if your invoice has an invoice date of March 5 and your order has Net 45 payment terms, your invoice's due date is April 19. Salesforce Billing begins the AR aging process for invoices that haven't been paid by their due date.

            Salesforce Billing doesn't calculate invoice due dates from custom values added to the Payment Term field.

            Important
            Important By default, the invoice date is the date a user, workflow rule, process, or invoice created the invoice record.
             
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