Click Accounts receivable> Setup> Customer groups .

On the Generaltab, in the Customer groupfield, enter a unique identifier for the customer group.

Enter a short description of the customer group in the Descriptionfield. This is not a mandatory field.

In the Terms of paymentfield, select the terms of payment that apply to customers that are assigned the selected customer group. This is not a mandatory field, but terms of payment are part of managing your customer accounts and are strongly recommended.

For more information, see Terms of payment (form).

In the Settle periodfield, select the standard interval between the due date for payments from customers in the selected customer group (defined by the Terms of payment) and the date on which the payments are received in the company bank account. This is not a mandatory field, but is important for liquidity calculations that are based on the cash flow forecast.

For more information, see Cash flow and currency requirements.

To define ledger accounts for automatic ledger transactions that are related to the issuance of inventory to customers in the selected customer group, click Setup> Inventory posting, and define the accounts.

For more information, see Inventory posting (form).

To set up a sales forecast that applies to the customers in the customer group in the Sales forecastform, click Forecast.

For more information, see Sales forecast (form).