Standard AR
Create customer terms that match your business rules in System | Support Files | Customer Terms.
The Default Customer Terms assigned within System | Company Setup | Accounts Receivable 1 and is referenced when creating a new customer.
A customer's account terms are selected in AR | Customer File | Accounting | Terms.
Select New to create a new customer term.
Net 30 Days
The properties tab maintains the description and parameters of the calculation. A simple Net 30 Days is setup by entering the value of 30 in the Net Due Days field . Payment is due within 30 days of the invoice date.
2% 10th, Net 30th
Provides the customer with a 2% payment discount on open invoices if paid by the 10th of the following month from invoice date and a net terms on all invoices by the 30th of the month after the invoice was created. This one, in particular, has a minimum purchase amount set at $100.00.
A new feature allows for you to enter the number "99" in the Payment Discount Days and this will make it so that the customer can still receive their discounts even when past due on their payments. 99 will make the Due Date become 01/01/2100.