> ## Documentation Index > Fetch the complete documentation index at: https://help.kuverbooks.com/llms.txt > Use this file to discover all available pages before exploring further. # Tax & Terms Configuration: Define Financial Rules > Manage tax options, payment terms, and payment methods in Kuvera Arc to standardize financial behavior across sales, purchase, and finance workflows. Tax & Terms Configuration defines the financial rules used across Kuvera Arc. Use this section to manage tax options, payment terms, and payment methods for sales, purchase, finance, billing, and reporting workflows. 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. Define tax choices available on invoices, bills, and financial documents. Set payment timelines such as On Receipt, Net 15, Net 30, or custom terms. 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. Kuvera Arc includes these tax options by default: Tax value: **0%** Status: **Active** Tax value: **13%** Status: **Active** These defaults are always available and cannot be removed. Default tax options are protected to preserve financial consistency. * Default tax values cannot be deleted or deactivated * Tax settings apply across invoices, bills, and financial document calculations * Tax options are available in sales, purchase, billing, and reporting workflows * Tax changes should be made only when required by legal or regulatory rules Review tax changes carefully. Tax settings affect invoice calculations, bill totals, VAT reports, and financial summaries across the system. ## Payment terms Payment terms define how many days are allowed for payment after a transaction. They help standardize due dates for customers and suppliers. Kuvera Arc includes these payment terms by default: Days: **0** Status: **Active** Days: **15** Status: **Active** Days: **30** Status: **Active** Days: **45** Status: **Active** Days: **60** Status: **Active** Days: **75** Status: **Active** Days: **90** Status: **Active** Days: **100** Status: **Active** Days: **120** Status: **Active** Days: **150** Status: **Active** Default payment terms cannot be edited, disabled, or removed. Add custom payment terms when your business uses timelines not included in the defaults. Go to **Configuration** and select **Tax & Terms Configuration**. Scroll to the Payment Terms section on the right panel. Click **Add Payment Term** to open the dialog. Fill in the required fields. Click **Add Payment Term** to save, or **Cancel** to discard. Required. A clear label, such as **Net 7** or **End of Month**. Required. Number of days allowed for payment after the transaction date. 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. Kuvera Arc includes these payment methods by default: Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Status: **Active** Default payment methods cannot be edited, disabled, or removed. Add a custom payment method when your business uses a payment channel not included in the defaults. Go to **Configuration** and select **Tax & Terms Configuration**. Scroll to the Payment Methods section on the right panel. Click **Add Payment Method** to open the dialog. Fill in the payment method fields. Click **Add Payment Method** to save, or **Cancel** to discard. Required. Name of the payment method, such as **Stripe** or **Cheque**. Optional. Additional details about the payment channel. ## Where settings apply Tax options, payment terms, and payment methods are available across related workflows. Sales invoices, sales orders, customer payments, and credit notes use tax settings and payment method options configured here. Purchase bills, purchase orders, supplier payments, and debit notes use payment terms and payment method options from this configuration. 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 Keep default tax, payment term, and payment method values unchanged unless your administrator or compliance requirements specify otherwise. Name custom terms and methods clearly so users can select the correct option during transactions. Check existing defaults before adding custom payment terms or payment methods. Tax changes can affect VAT reports, invoice totals, purchase bills, and financial summaries. If your business uses industry-specific payment terms such as **2/10 Net 30**, add them as custom terms so your team can select them consistently.