Terms Setup

All terms codes that will be used need to be set up in QuickBooks.

You can view the terms codes in QuickBooks under the "Lists" menu by choosing "Customer and vendor profile lists" then "Terms List." Add new terms by clicking on the "Terms" button and choosing "New."

Any terms that are going to be used in SherWare must be set up as "Standard Terms." SherWare will not respect any date driven terms.

If you are going to be charging expenses to wells as a vendor and would like your income as a vendor to post directly to QuickBooks instead of creating a vendor check, you will have to set up terms with a name of "POST." Refer to the topic on Posting Operator/Vendor Expense/Revenue for more information.

After creating new terms you must synchronize the files in SherWare before you will be able to see the new terms in SherWare.