The Billing Settings panel configures tax rates, net payment terms, and invoicing defaults. Setting up these options ensures consistency across billing and invoice generation.
Step-by-Step Walkthrough
Open Billing Settings
From the administration sidebar, navigate to Settings and click on Billing & Taxes.
Configure Default Tax Rates
Click Add Tax Rate. Enter a tax description and tax percentage. Map the tax rate to your accounting software.
| Field | Requirement | Purpose / Details |
|---|---|---|
| Tax Description | Required | Label shown on invoices (e.g. 'State Sales Tax'). |
| Tax Percentage | Required | Numeric tax rate (e.g. '6.25'). |
Set Default Payment Terms
Choose the default payment terms for invoices (e.g. Due on Receipt, Net 15, Net 30). This calculates the due date.
| Field | Requirement | Purpose / Details |
|---|---|---|
| Default Net Terms | Required | Number of days allowed for payment. |
Configure Late Fee Rules
Enable late fee options to apply interest or fees to overdue invoices after due dates.
| Field | Requirement | Purpose / Details |
|---|---|---|
| Late Fee Type | Optional | Percentage of balance or flat fee. |
Save Billing Defaults
Click Save defaults. This applies the settings to all new quotes and invoices created.
Validation Rules
To keep operations reliable, Service Opus enforces the following rules for this workflow:
- Tax Limit Check: Tax percentages must be greater than or equal to 0% and cannot exceed 100%.
- Net Term Limits: Payment terms must specify positive day counts.
What's Next?
Once you finish this task, continue with these related workflows:
Ready to try this workflow?
Use the walkthrough to evaluate the workflow, then test it in Service Opus with real scheduling, quoting, invoicing, and customer data.