Greetings,

I'm new to Zoho Books (2 days old) and new to small business accounting (~1 year); I'm also not an accountant so I'm still learning the correct terms.  I searched the forum, but didn't find any posts specifically explaining this in non-accountant speak that I could understand.

I have a vendor (we buy stuff from them) and they offer us $2,000 in "Net Terms".  In short, we can purchase up to $2,000 in inventory and - depending on the time of year - have either 60 or 90 days to pay it off.

I was playing around in the "Vendor Credit" section of ZOHO Books and I'm not sure if this feature could be used to track my situation since I don't see any "Payment Due" date field that would allow me to track when the vendor's "Net Terms" are up and the bill comes due.  The only date field is "Vendor Credit Date" which I'm assuming is where I would track when the "Net Terms" started...not when they ended.

Could someone please tell me if the "Vendor Credit" section can be used to track the situations like mine?  And, if so, how would you recommend tracking the "Payment Due" date?

Thank you!