How to change payment terms

In this article, we're explore how to change payment terms in Bolster, from your global settings or for a specific project.

Access Payment Settings
- In the left-hand menu, navigate to Financial Services → Payments.
- Select the Settings tab.
- Scroll down to the Payment Terms and Options section, which is defaulted to Rolling Basis.
Choose a Payment Term Type
- Click the selector to reveal available payment term types:
  - Rolling Basis
  - Phase Based
  - Stage Based
  - Segmented
Configure Segments (If Selected)
- If you choose Segmented payment terms, define how many segments you want and at what percentage.
- Adjusting one segment’s percentage will automatically recalculate remaining segments to ensure the total is always 100%.
- A warning will appear if the total does not add up to 100%.
Show or Hide Items
- You can toggle whether to display all items (within each segment, stage, or phase) to the customer.
Save Company-Wide Defaults
- After selecting your preferred default payment terms (and any relevant configuration), click Save Terms.
- Now, any newly created estimate will automatically use these default payment terms.

Access the Progress Tab
- Open an existing estimate.
- Click the Progress tab to view or modify payment terms for that specific project.
- A gray box labeled Current payment terms and options indicates the active payment terms.
Open the Payment Terms Editor
- Click the gray box to open a modal where you can switch from the default company terms to a project-specific setup (e.g., Rolling, Phase, Stage, Segmented).
Adjust & Save
- If you select Segmented, set your desired number of segments and percentages.
- If you select Phase or Stage, the system will group items accordingly.
- Click Save Terms.
- The Progress page automatically reloads to display your chosen payment term structure (e.g., segments, phases, or stages).