How do the Customer Terms work in Proceed Software?

Hello Bill, in September of 2026 we decided to "Standardize" Customer and Vendor Terms in Proceed. This means that the software will only let you select a Customer Term, you can no longer make up your own.

Instead of each company creating their own terms for Customers, we needed to stardarize the terms people could select in Proceed because it establishes the value for "Past Due". We significantly upgraded the accounting in the October 2026 release of the software so that a baseline could be set for the past due value. This was necessary because we added "Finance Charges" into the system and those calculations needed a specific way to calculate the past due days for each invoice. It seems like a fair trade off and we haven't received any issues from Customers who have been using this new feature as of the date of this post.