Reaching Transactions Settings:

  1. Go to Settings on the left-hand side bottom of your screen 
  2. Go to Settings → Transactions to open the settings.

Accounting Integration:

Orderhive supports integration with two accounting channels - Quickbooks and Xero.

Go to Add Account Integration for the same.

Payment Method

  • Payment Method is a process by which the buyer chooses to pay the seller for a transaction. The different payment methods can be credit or debit cards, Paypal, bank transfer, or any other method mutually decided by the buyer and seller. 
  • A new custom Payment Method can be added by clicking on “+”. It is possible to edit or delete the newly added Payment Method by simply clicking on the method.  
  • To set a default Payment Method, select the star option which will allow you to use the same Payment Method throughout the application.
  • We currently support integration with Stripe, Paypal Pro, and Authorize.net.

Payment Terms:

  • These terms specify the time allowed to a buyer to pay the amount due to the seller. The payment terms can be in cash in advance, Net 30 days, Net 60 days, or any other term mutually decided by the buyer and the seller.
  • To add a custom Payment term click on Add New Payment Term or “+”. Add a name to the payment term and number of days you want to allow to the buyer to make the payment.
  • Click on Add after you mention proper and valid details.
  • To edit or delete the newly added Payment Term, select Edit or Delete. Also, to set a default Payment Term, select the star option which allows using the same Payment Term throughout the application.

Taxes:

There are two ways to define a tax.

  • Add Tax
  • Add Tax Group

Add tax - Allows to add the taxes and assign to either Orders or Purchase Orders or Both.

Tax can be edited or deleted at any instance.

Add Tax Group - Allows to combine all the order taxes, purchase order taxes or both; assign a name to the group of taxes and then gets applied to “Orders” and “Purchase Orders” or “Both” respectively. 

Tax consolidation, or combined reporting, is a regime adopted in the tax or revenue legislation of a number of countries which treats a group of wholly owned or majority-owned companies and other entities (such as trusts and partnerships) as a single entity for tax purposes.

Tax can be edited or deleted at any instance.

Invoice Numbering:

Orderhive doesn't allow modifying the entire Invoice Number format, however, a prefix or suffix can be added to create custom invoice numbers.

Invoice Template:

Apart from the four pre-defined templates which are Simple, Standard, Lite and Minimalist; a custom template can also be requested according to specific business requirements.

After making all the necessary selections, click on Save. 


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