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Edit Payment Terms — NET-30
AD
User AD
Administration Master Data Payment Terms NET-30 Edit

Edit Payment Terms Active

Modify the NET-30 (Net 30 Days) payment terms configuration

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Default Payment Term
This is the default payment term. Changes will affect all new transactions where payment terms are not explicitly specified. Existing purchase orders and invoices will not be affected.
342
Used in Purchase Orders
186
Assigned to Vendors
3
Default for Vendor Categories

Basic Information

ID: PT-00001
Code cannot be changed after creation
Payment type cannot be changed for terms already in use

Net Days Configuration

Number of days from invoice date
Additional days before penalty applies

Early Payment Discount

Enable Early Payment Discount Offer a discount for payments made before the due date

MSME Compliance

Auto-Override for MSME Vendors Automatically limit payment days to 45 for MSME-registered vendors
As per MSMED Act 2006 — this value cannot be changed

NET-30 is within the MSME 45-day limit. No override will be applied for this payment term when used with MSME vendors.

Late Payment Penalty

Enable Late Payment Penalty Apply penalty interest on overdue payments

Recent Changes

Last 3 entries
  • AD
    Admin User updated the description from Net 30 Net 30 Days
    Jan 15, 2026 at 2:30 PM
  • RK
    Rahul Kumar set this as the default payment term for the organization
    Dec 5, 2025 at 11:15 AM
  • AD
    Admin User created the payment term NET-30 with type Net Days
    Nov 20, 2025 at 9:45 AM
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Payment Schedule Preview

Payment Terms Code
NET-30
Description
Net 30 Days
Payment Type
Net Days
Default Term
Yes — Organization Default
Payment Schedule
Invoice Date (Day 0)
Invoice received and approved
Day 30
Full payment due
100% of invoice amount
Example Calculation
Invoice Amount: ₹1,00,000
Due Date: 30 days from invoice
Payment Due: ₹1,00,000
MSME Compliance
Within 45-day MSME limit