When running a business, getting paid on time is just as important as sending out invoices. That’s where Payment Terms come in. In Fynlo, Payment Terms define the timeframe clients have to settle their invoices—helping you set clear expectations and maintain a healthy cash flow.
By setting the right terms, both you and your clients know exactly when payments are due, reducing confusion and late payments.
What You’ll Find in the Payment Terms Section
1. Name
The label you assign to the payment term.
Standard options include NET 0 (immediate payment), NET 15 (payment due in 15 days), and NET 30 (payment due in 30 days).
You can also create custom names like “Due on Receipt” for special arrangements.
2. Term Days
The number of days after the invoice date that the payment is due.
Example: A NET 30 term means the due date is automatically set to 30 days from the invoice creation date.
3. Is Default
Indicates which payment term is automatically applied to new invoices.
Setting a default term (e.g., NET 30) saves time since every new invoice will use it by default.
You can still change it for individual invoices whenever needed.
✅ Pro Tip: If most of your clients pay on the same timeline, set that term as your default. This reduces manual work and keeps invoicing consistent.