Payment terms

Meaning

Are information about payment when you sell goods or services to a client or buy goods or services from a supplier.

Key points

• Payment terms appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, payment terms is used to keep invoice and payment operations structured and auditable.