Converting from Quickbooks to Goldenseal Accounting Software-- Payment Terms

QB Switch-- Payment Terms

Quickbooks includes Terms that specify when payments are due, and whether there is a discount for early payment.

Goldenseal accounting software uses slightly different Payment Terms that are specialized for customers, projects, rentals and vendors.

To enter Goldenseal terms, choose Payment Terms from the Options menu, and choose the specific type of terms.

You can enter the following info in each set of payment terms:

Customer Payment Terms-- due date, discount date and amount, late charges, message to be printed on invoices.
Project Payment Terms-- due date, discount date and amount, late charges, message to be printed on invoices, handling of time and materials billing.
Rental Payment Terms-- billing interval, due date, discount date and amount, late charges, message to be printed on invoices.
Vendor Payment Terms-- due date, discount date and amount, late charges, message to be printed on invoices, retainage ("hold back") percent.

Goldenseal payment terms can be for any regular time period such as weekly, monthly or quarterly. You can also specify irregular terms for tax payments or other infrequent items.

Click here for general info about differences between Quickbooks and Goldenseal accounting software.
Click here for info about importing data from Quickbooks to Goldenseal.