(CRS075/B)

Language

… the valid language for the payment terms. Since payment terms are languagespecific, the language must be entered. However,
the same set of payment terms can exist in several languages.

(CRS075/E)

Terms text

… an explanatory text that is printed on external documents.

Define general values for due date calculation

(CRS075/E)

Start day

… the day when the due date calculation should start.
The start day can be 01–31 or 99, where 99 indicates the last day of the month. If a month free of payment should apply, the
start day must be entered as 99.
Example
1) The invoicing date is January 20, and the start day is 25. The due date calculation starts from January 25.
2) The invoicing date is January 5, and the start day is 99. The due date calculation starts from January 31.

(CRS075/E)

Month free of payment

… how many whole months should be added when calculating the due date from the start day. Valid values are 00–99.
This field regulates the second step in the calculation, which starts from the result of the entry in the 'Start day' field.
If the number of months free of payment is set to 2, the calculation of the due date in example 1 above would start from March
25 instead of January 25.

(CRS075/E)

Number of days

… how many days should be added when calculating the due date. Valid values are 000–999.
This field regulates the third step in the calculation, which starts from the result of the entry in the 'Month free of payment'
field. If the number of days is set to 10, the calculation of the due date in example 1 above would start from April 4 instead
of March 25.

(CRS075/E)

Payment day

… a specific day in the month for the due date. Valid values are 01–31 or 99, where 99 indicates the last day of the month.
This field regulates the fourth step in the calculation, which starts from the result of the entry in the 'Number of days'
field. If payment day is set to 27, the due date in example 1 above would be on March 27 instead of March 25.
Automatic adjustment of due date
Some customers have fixed days for executing payments each month.
You can automatically adjust the due date to match the customer's routines by
entering up to four fixed due dates on (CRS610/J). Example: Three fixed due dates
are entered for a customer: 10, 20 and 99 (= last day of month). If the due date
calculated is December 31, 2002, the actual due date is January 10, 2003.

(CRS075/E)

Split due date

… whether the payment is split into several payments with separate due dates.
If this check box is selected, 'Payment
Term. Open Details' (CRS074/B) for defining payment details is
displayed when Enter is pressed on (CRS075/E).
As a result of selecting the 'Split due date' check box, all supplier invoices and customer invoice created during customer
order processing are split into several invoices in accounts receivable and the general ledger, each one with a different
due date, amount, and invoice number.
On 'Payment Terms. Open Details'
(CRS074/E), decide how to retrieve the invoice number for the split
invoices in the 'Additional character or number series' field on (CRS074/E). For
details, see below.

(CRS075/E)

Cash payment

… whether payment is made in cash on delivery or via invoicing. The parameter selected determines how payment is made when
customer orders are processed.
Alternatives
0 = Payment via invoicing
1 = Cash payment.
If the invoicing option is selected, the usual customer account is debited for the payment (accounting rule OI20–100) in accounts
receivable. However, if the cash payment alternative is selected, there is no open customer debt to record in accounts receivable.
Instead, transactions are created under accounting rule OI20–101 (Cash payment) in the general ledger.
For the cash payment alternative to work automatically, the
payment terms are specified for order category Cash order on 'CO Type. Control Fields' (OIS014/F). The program is
called from 'CO Type. Open', OIS010/B). This overrides the
customer's normal payment terms upon customer order entry.

(CRS075/E)

Petty cash

... whether cash sales management should be activated after invoicing.
This can only be done if the 'Cash payment' check box is not selected.

(CRS075/E)

Outstanding without risk

... if the invoiced amount should be included in the outstanding amount without risk. The outstanding amount without risk
is deducted from the outstanding amount when the credit limits are controlled.
Alternatives are:
1 = No
2= Yes
3 = Yes, update credit monitoring
If alternative 3 is selected, the invoices without risk can be monitored in the credit monitoring system (RMS420  Credit
Monitoring. Process). A prerequisite is that this is enabled in (RMS905  Settings  Credit Monitoring).
The risk per payer can be followed up in 'Customer
Credit Limit. Open' (CRS315).
An outstanding invoice amount without risk is a customer invoice or debt that is considered to be without risk in the accounts
receivable according to the normal credit policy. The outstanding amount without risk is deducted from the outstanding amount
when the credit limits are compared against the fixed credit limits.
Invoices with riskfree payment terms do not consume the available fixed credit limit that has been set for general trading
terms. The benefit of this flexible approach to credit checking means that fixed limits do not need to be adjusted except
as determined by the regular credit limit or customer risk reviews. For overdue invoices, all invoices are with risk even
if they have been treated as riskfree before the due date has passed.

(CRS075/E) 
Start day interval 
...if a start day interval is used to calculate the due date.
This type of interval can be based on month/day or day only.
If
the invoice date is within a certain month/day interval or day interval, the last
day in that interval is used as 'Start day' when calculating a due date.
This field is optional.
The start day
interval rules are defined in 'Start day interval. Open'
(CMS071) and 'Interval days. Open'
(CMS072).
Note: When a start day interval is specified, start day cannot be used.
The start day will then be the end of each interval in (CMS072).
When a start day interval is specified, payment day cannot be
used. If a payment day is used together with an interval, the payment day for
payment term and cash discount has to be specified on each interval in (CMS072).

Define payment values for partial payments

(CRS074/E)

Payment method – accounts payable

… the payment method to use for payments in accounts payable. This value, together with the following, makes it possible to
process each payment in different ways, for example as a check, draft, or bank transfer.
If a payment method is not entered, the value = = = is
automatically inserted. This indicates that the same payment method as that on the
original invoice is used.

(CRS074/E)

Payment method – accounts receivable

… the payment method to use for payments in accounts receivable.
If a payment method is not entered, the value = = = is automatically inserted (see above).

(CRS074/E)

Cash discount terms

… a languagespecific set of terms for cash discount calculation. By defining the cash discount per partial payment, it is
possible to grant a cash discount only for the first payment, for example.
The value = = = can be entered manually, if the same cash discount terms as those on the original invoice should be used.

(CRS074/E)

Percentage of payment

… the percentage share of the total amount to pay for this payment (required information).
Note that the total percentage for all recorded partial payments must be 100.

(CRS074/E)

Additional character or number series

… which invoice number to use for the original invoice when a customer order is created for a customer whose payment terms
require that payments be split into several invoices with separate due dates.
Alternatives
0 = The invoice number is retrieved from number series 4 in 'Internal Invoice Series. Open' (MFS165).
1 = An additional character (AZ) is added.

(CRS074/E)

Start day
Month free of payment
Number of days
Payment day
Start day interval

(See above.)
