---
title: "Payment Terms | Marlin Transactions"
slug: "payment-terms"
description: "Learn about Payment Terms in Marlin Tyre and Mechanical Workshop Software by Megabus"
updated: 2026-01-27T03:48:56Z
published: 2026-01-27T03:48:56Z
canonical: "help.megabus.com.au/payment-terms"
---
> ## Documentation Index
> Fetch the complete documentation index at: https://help.megabus.com.au/llms.txt
> Use this file to discover all available pages before exploring further.
# Payment Terms
{{variable.Marlin bold}} enables customer, supplier and credit provider accounts to be set up using variable account terms.
Payment terms can be based on either **Statement** or **Transaction** ageing methods and multiple payment terms can be applied to a single supplier or customer account.
To view and edit account terms, select **System > Money and Banking > Payment Terms** from the menu bar.
The Payment Terms module will open on the **Search** window, showing a list of active payment terms.
## Adding Payment Terms
#### System > Money and Banking > Payment Terms
To the top right of the Payment Terms Search list, click on the **Add** action button.
The Payment Terms window will open on the the **Details** tab, containing a form for adding new payment terms.
In the **Name** textbox, enter a name to identify the new payment terms within the Marlin system.
Use the **Ageing Method** drop-down to select which type of period the payment terms are based on:
* **Statement** counts the Days Until Due as starting from the beginning of the next statement period from when the transaction is processed, which is usually the start of the next month,
* **Transaction** counts the Days Until Due as starting from the date of the transaction.
In the **Days Until Due** textbox, enter the number of days from the statement or transaction date until the payment is due.
Use the **Ageing Period** drop-down to set payment terms by day, week or month for display in customer summaries, reports and statements.
:::(Info) (Note)
Use the following **Days Until Due** values for **Monthly** statements, to specify whether they are dues at the **start or the end of relevant month**:
Statement Ageing Method
- 29 = End of statement month
- 30 = Start of next month
- 59 = End of second month after
- 60 = Start of third month after
- 89 = End of third month after
- 90 = Start of fourth month after
Transaction Ageing Method
- 29 or 30 = +1 month
- 59 or 60 = +2 months
- 89 or 90 = +3 months
:::
:::(error) (Example)
**To set the due date to the last day of the statement month:**
* **Ageing Method:** Statement
* **Days Until Due:** 29
* **Ageing Period:** Month
:::
Leave the **Active** checkbox ticked to enable the new payment terms within the Marlin system.
To save the new payment terms and return to the Search list, click on the **Save** action button at the top right of the module window.
## Adding Payment Terms to Accounts
Once created, payment terms can be added to customer, supplier and credit provider accounts.
To add payment terms to an account, open the relevant customer master file in Edit mode and click on the **Accounting** tab at the top of the module window.
The account's payment terms can be viewed and edited using the **Payment Terms** list on the left.
:::(Info) (Note)
If the customer or supplier does not have an existing account, one can be added by clicking on the **Create Account** button. See the relevant sections of the Supplier and Customer Master Files help guides for further information about adding accounts.
:::
To the top right of the Payment Terms list, click on the **Add** action button or in the next empty Payment Terms cell, and use the picker that appears to select the appropriate payment terms.
Multiple payment terms can be added to an account and then selected when finalising transactions.
To set the default payment terms, click in the relevant **Preferred** checkbox.
One set of payment terms must be selected as **Preferred**, which will be the payment terms that transactions default to.
:::(Info) (Note)
Any transactions previously processed using inactive payment terms will still adhere to the payment terms selected when the transaction was processed, rather than the newly active ones.
:::
Payment terms can be deactivated for the account by unticking the relevant **Active** checkbox.
To save the changes and return to the Search list, click on the **Save** action button at the top right of the module window.