Child pages
  • Set up your payment details

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
HTML Wrap
classsection group
HTML
<span data-swiftype-index="true">
HTML Wrap
classcol span_3_of_5

On the Payment options tab, you can choose how long your customers have to pay you, and enter the payment details that will appear on your invoices, making it easy for them to pay.

If you're in Australia, you can also sign up for and edit your online payment options.

  1. In MYOB Essentials, click your business name then choose Invoice and quote settings. The Invoice and quote settings page appears.
  2. Click the Payment options tab.
    invoice and quote settings with payment options tab highlighted 

Choose your default payment terms

In the Default payment terms section of the Payment options tab, choose the default payment terms that you want to appear on your invoices. You can change these terms for individual invoices while you're entering the invoice, but future invoices will always use the default terms you set up here.

You can choose from three ways of calculating payment terms:

  • Due on - Choose each invoice's due date as you create the invoice.
  • Days from end of this month - Invoices will be due the specified number of days from the end of the month they're issued in.
  • Days from invoice date - Invoices will be due the specified number of days after the invoice's Date of issue.

The other settings on this tab are different depending on your location.

UI Expand
titleI'm in Australia

I'm in Australia

Online payment options

In the Online payment options section of the Payment options tab, you can set up or edit the online payments for your business.

Image Modified

You can also choose the bank account into which you want to receive online payments, as well as whether you want to enable PDF attachments on your invoice.

See Online invoicing and Online payments for more information.

Printed payment options

In the Printed payment options section of the Payment options tab, you choose which options you want to include in the How to Pay section of the invoices you give to your customers. You can add details for Direct deposit and By mailMail.

Image Added

If you select Direct deposit, enter the details of the bank account you want customers to deposit make payments into.

If you select Mail, you can choose whether you want customers to mail their payments to your business address or your postal address. The address you choose will be printed on your invoices.   You can view or change your business or postal address on the Business details page. See Business details for more information.

When finished, click Save to save your changes.

UI Text Box
sizemedium
typetip

Use notes for additional info

If you want to include additional payment info on your invoices, such as discount or deposit conditions, use the Notes to customer box when creating the invoice. If you want the same info on all future invoices, select the Remember this option.

UI Expand
titleI'm in New Zealand

I'm in New Zealand

How to pay details

In the How to pay section of the Payment options tab, you choose which options you want to include in the How to Pay section of the invoices you give to your customers. You can add details for Direct deposit and Mail.

If you select Direct deposit, enter the details of the bank account you want customers to deposit payments into.

If you select Mail, you can choose whether you want customers to mail their payments to your business address or your postal address. The address you choose will be printed on your invoices.   You can view or change your business or postal address on the Business details page. See Business details for more information.

Online invoicing

In the Online invoicing section of the Payment options tab, choose if you'd like your invoices to be emailed directly from MYOB Essentials by selecting the option Use online invoicing. You can then also choose if you want to Enable PDF attachments to allow customers to download a PDF copy of their emailed invoice.

Learn more about online invoicing.

When finished, click Save to save your changes.

UI Text Box
sizemedium
typetip

Use notes for additional info

If you want to include additional payment info on your invoices, such as discount or deposit conditions, use the Notes to customer box when creating the invoice. If you want the same info on all future invoices, select the Remember this option.


UI Text Box
sizemedium
typenote

Setting your credit terms

You can change the number of days until an invoice becomes due by entering a new number of days in the Payment terms field when you create an invoice. MYOB Essentials will remember your selection for future invoices. You can also add more payment details in the Notes section of the invoice. For more information see Creating invoices.

HTML
</span>
HTML Wrap
width15%
classcol span_1_of_5
 
HTML Wrap
floatleft
classcol span_1_of_5
Panelbox
namemagenta
titleRelated topics
HTML Wrap
classsidebarlinks

Invoice and quote settings

Online payments

Choose a layout type

Change the look of your invoice and quotes

Set up default invoice and quote emails

Logo

Panelbox
nameyellow
titleFrom the community

RSS Feed
titleBarfalse
max5
showTitlesOnlytrue
urlhttp://community.myob.com/myob/rss/search?q=invoice+settings&filter=labels%2Clocation%2CsolvedThreads&location=category%3AMYOBEssentials&search_type=thread&solved=true

HTML Wrap
classmorelinks
More »