MYOB Essentials Accounting
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Choose your default payment terms

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.
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  3. Set your Default payment terms and Payment options as described below.

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.
Set up your How to pay detailsIn the How to pay details

Payment options

The payment options available depend on your location. See details below for Australia and New Zealand.

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

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Online payment options

Online payments allow your clients to pay their invoices faster - straight from their emailed invoices.

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

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If using online payments, choose the Bank account for receiving online payments, as well as whether you want to Enable PDF attachments to allow customers to download a PDF copy of their emailed 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 mail.

Mail.

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

When finished, click Save to save your changes.

  • From the Settings menu, choose Invoice and quote settings. The Invoice and quote settings page appears.
  • Click the Payment options tab.
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  • In the How to pay details section, select the payment options you want to include on your invoices:
    • Direct deposit
    • Mail.
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    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 To create an invoice.

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    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.

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    I'm in New Zealand

    How to pay details

    In the How to pay details 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.

    How to pay details with blank fieldsImage 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 

    the Business details page.

    See Business Details for more information.Click 

    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.

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    Learn more about online invoicing.

    When finished, click Save to save your changes.

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    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.

    Example notes box with text enteredImage Added


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    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.

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    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

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    Editing customer details

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