How to Create Payment Terms in Muhasib ERP
Websol Muhasib ERP allows you to create payment terms. This was a great and advanced feature provided by Websol Technologies in the Muhasib EP software. This software gives you a feature in which you to perform sales on credit to a customer and pay it later.
This is a great and handy business analytics feature provided by Muhasib ERP to manage your payments from customers if customers decided to pay you later or if you try to perform sales on credit to a customer. This will help business owners to improve their advanced payment strategy by creating different methods of payment receiving.
Create Payment Terms
Follow the steps below to create the payment terms in the Muhasib ERP software
Step 1. Log in to the system and access the Main Back Office user interface.
Step 2. On the appeared window, click "Muhasib Financials".
step 3. On the appearing "Muhasib Financials" window, the "Transactions" section is shown on your screen.
Step 4. On the tab bar, click on "Maintenance".
Step 5. On the right of the "Maintenance" window, click on "Payment Terms".
Step 6. The "Payments Terms" window appears on the screen.
Step 7. In the "Payments Terms" window, enter the payment term in the "Short Description" field.
Step 8. In the "No. of Days" field, enter the number of days.
Step 9. If you want to show a warning of late payment so enable the "Warn User" label.
Step 10. On the left, click on the Save button (message box appears "Record has been Updated successfully").
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