The Finance Details section is only visible for Vendors who have started or completed onboarding. The fields in this section are:
- Invoice Currency: changing this field will allow your Vendor to invoice you in a foreign currency and will allow the creation of Work Orders and Projects in that same foreign currency.
- Accounting System Default Expense Account: you can change this field as appropriate for your Accounting System.
- Payment Terms: here, you can change the default payment terms for this specific Vendor. These payment terms will flow through to any new Work Orders and Invoices with that particular Vendor.
- Pay with Liquid: if you intend to use Liquid to track Vendors and Work Orders but not to make payments, change this setting to No. Then you will be able to make internal notes on your method of payment. These notes are not visible to your Vendors. In addition, you will want to manually mark invoices as paid directly in each Invoice.