How to Create and Use Payment Terms
Payment terms in Mores Software help define installment-based payment plans for sales, purchases, and expenses, enabling more accurate cash flow projections and financial forecasting.
🧭 Welcome to Mores Software
Your Central Hub for Smarter Business Management
Thank you for choosing Mores Software. This guide will walk you through the first steps to start using the platform effectively.
🔑 Step 1: Access the Platform
Open your browser and go to:
👉 ui.mores-soft.com
You'll be greeted with the login screen. Enter your credentials and click Login.
🏢 Step 2: Select Your Company
Once logged in, the first thing you'll see is a Company Selection Panel.
- Choose the company you want to work with.
- This helps the system load relevant settings, data, and permissions tied to that company.
🌿 Step 3: Choose Your Branch
After selecting your company, choose the branch location (if applicable).
This ensures that the data you work with is filtered specifically for that branch's operations.
✅ Tip: You can change your company or branch later by clicking the top-right profile menu.
💰 How to Create and Use Payment Terms
🔁 Step-by-Step Guide
1️⃣ Navigate to Payment Term Templates
Go to:
Purchase and Sales Module → Payment Term Template
2️⃣ Create a New Payment Term Group
- Click Create (top-right corner)
- Enter a Name for your payment term group (e.g., "Standard 30/30/40 Plan")
- Click Save
3️⃣ Add Installments
At the bottom of the page, click the Add button to define the installment structure.
For each installment:
- Enter the Percentage (e.g., 30%)
- Enter the Duration in days (e.g., 30)
- The Value Date is automatically calculated as: Invoice Date + Duration
Example setup:
| % | Days After Invoice |
|---|---|
| 30% | 30 Days |
| 30% | 55 Days |
| 40% | 120 Days |
Click Save after entering each installment.
⚠️ Note: The system requires that all percentages across installments add up to 100%.
4️⃣ Assign the Payment Term for Use
- Return to the Payment Term List View
- Click the arrow on the left of each term row to expand its settings
- Specify where this term should be used, such as:
- Sales Invoices
- Purchase Invoices
- Expense Entries
Click Save to finalize.
Once assigned, these payment terms will be available during invoice and expense creation for use in forecasting, due tracking, and reporting.
📊 Why Use Payment Terms?
- ✅ Predict future receivables and payables
- ✅ Automatically calculate due dates across complex installment plans
- ✅ Enhance cash flow forecasting
- ✅ Standardize terms for different transaction types