To define organization level default invoicing settings, go to Settings > Invoicing > Invoicing defaults.
Invoice numbering allows you to define the sequence of invoice numbers.
Specify the number for the next invoice, and on every invoice after that the number will increase by one. If an invoice that already has a number is deleted, the number is used again on the next invoice. Otherwise, numbers that have already been used can't be used again.
When using Organizational hierarchy add-on where business units act as subsidiaries, each business unit can have its own numbering sequence.
Define the default payment terms for your organization. For example, entering 30 for payment terms means that invoice due date is 30 days from the invoice date.
Payment terms given for a customer (Customer settings > Billing information) or project (Project settings > Billing information), overrides this default.
Define the default overdue interest percent for your organization.
Overdue interest given for a customer (Customer settings > Billing information), overrides this default.
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