QuickBooks for Mac 2014 User’s Guide 37
• Standard. Select this if you want your customer to pay within a certain number of days. Now enter the details
for this type of payment term.
o Net due in. The number of days in which payments from customers or bills to vendors are due.
o Discount percentage is. The discount percentage a customer earns for early payment of an invoice, or that
your business earns for early payment of a bill. If there is a discount, you must also complete the next field
(“Discount if paid...”). If there is no discount, enter zero.
o Discount if paid within. Enter the number of days within which a customer or your business can pay and
receive a discount for early payment. Be sure to enter the discount percentage in the previous field
(“Discount percentage...”).
• Date Driven. Customers to pay by a certain date.
o Net due before the.... The day of the month by which payment is due.
o Due the next month if issued within.... If you create an invoice that's due in this number of days, then the
due date is pushed back a month.
o Discount percentage is.... The discount percentage a customer earns for early payment of an invoice, or
that your business earns for early payment of a bill. If there is a discount, you must also complete the next
field (“Discount if paid...”). If there is no discount, enter zero.
o Discount if paid before the.... The number of days within which a customer or your business can pay and
receive a discount for early payment. Be sure to enter the discount percentage in the previous field
(“Discount percentage...”).
Payment methods
Payment methods categorize payments from your customers. For example "barter", "cash", "check", or "American
Express." When you receive payments from your customers, you can select a payment method and then sort your
deposits by payment method and create reports based on payment method.
Note: If you're using QuickBooks to process credit and debit card transactions, you must first set up your Merchant
Service account. When you open an existing credit card payment method, the “Merchant Service enabled”
checkbox is selected. This check box must be selected to process the card type for a customer payment.
If you process your customers' credit or debit cards using Intuit GoPayments or your Merchant Services Portal, the
payment method "Intuit Payment Method" will be on the list and cannot be changed.
To add or edit a payment method:
1 Choose Lists > Customer & Vendor Profile > Payment Method.
2 Add a new payment method or open an existing one.
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