Some values are pre-configured by default to support regulatory compliance and system consistency. Default values may be restricted from editing or removal.
What you can configure
Tax & Terms Configuration covers three financial setup areas.Tax & Terms Configuration page
Tax options
Define tax choices available on invoices, bills, and financial documents.
Payment terms
Set payment timelines such as On Receipt, Net 15, Net 30, or custom terms.
Payment methods
Define how customer and supplier payments can be recorded.
Tax configuration
Tax settings determine which tax options are available when creating sales invoices, purchase bills, and related financial documents.Tax configuration section
- Default tax options
- Tax behavior rules
Kuvera Arc includes these tax options by default:These defaults are always available and cannot be removed.
No Tax
Tax value: 0%Status: Active
VAT 13%
Tax value: 13%Status: Active
Payment terms
Payment terms define how many days are allowed for payment after a transaction. They help standardize due dates for customers and suppliers.Payment Terms section
- Default terms
- Custom terms
Kuvera Arc includes these payment terms by default:Default payment terms cannot be edited, disabled, or removed.
On Receipt
Days: 0Status: Active
Net 15
Days: 15Status: Active
Net 30
Days: 30Status: Active
Net 45
Days: 45Status: Active
Net 60
Days: 60Status: Active
Net 75
Days: 75Status: Active
Net 90
Days: 90Status: Active
Net 100
Days: 100Status: Active
Net 120
Days: 120Status: Active
Net 150
Days: 150Status: Active
Custom payment terms do not replace default terms. Both default and custom terms remain available in sales and purchase transactions.
Payment methods
Payment methods define how payments can be recorded in Kuvera Arc. These options appear when recording customer payments, supplier payments, and financial transactions.Payment Methods section
- Default methods
- Custom methods
Kuvera Arc includes these payment methods by default:Default payment methods cannot be edited, disabled, or removed.
Cash
Status: Active
Khalti
Status: Active
eSewa
Status: Active
Bank Transfer
Status: Active
ConnectIPS
Status: Active
Fonepay
Status: Active
IME Pay
Status: Active
PrabhuPay
Status: Active
Debit/Credit Card
Status: Active
Mobile Banking
Status: Active
Where settings apply
Tax options, payment terms, and payment methods are available across related workflows.Sales workflows
Sales workflows
Sales invoices, sales orders, customer payments, and credit notes use tax settings and payment method options configured here.
Purchase workflows
Purchase workflows
Purchase bills, purchase orders, supplier payments, and debit notes use payment terms and payment method options from this configuration.
Finance and reporting
Finance and reporting
Financial records, accounts payable, accounts receivable, cash flow statements, VAT reports, and exports reflect these tax and payment rules.
Custom entries are available system-wide immediately after saving. They appear alongside default values in relevant dropdowns and selection fields.
Best practices
Protect default values
Protect default values
Keep default tax, payment term, and payment method values unchanged unless your administrator or compliance requirements specify otherwise.
Use clear custom names
Use clear custom names
Name custom terms and methods clearly so users can select the correct option during transactions.
Avoid duplicate entries
Avoid duplicate entries
Check existing defaults before adding custom payment terms or payment methods.
Review compliance impact
Review compliance impact
Tax changes can affect VAT reports, invoice totals, purchase bills, and financial summaries.