Uses of terms codes

These Financials and Supply Management solutions use terms codes:

• Payables

  You can assign terms codes to vendors, locations, and invoices. Terms codes are used to automatically calculate invoice due date and discount information.

• Receivables

  You can assign terms codes to debit memos, credit memos, customers, and invoices. Terms codes are used to automatically calculate due dates and discount information.

  Bills of Exchange: Terms codes are used to calculate due dates for recreated bills of exchange and create open item debit memos.

• Billing

  You can assign terms codes to invoices for ship-to customers. Terms codes are used to calculate invoice due date and discount information.

• Match

  You can assign terms codes to invoices. Terms codes are used to calculate invoice due date and discount information.

• Item and Order Billing

  You can assign terms codes to orders. Terms codes are used to calculate invoice due date and discount information.

• Purchasing

  You can assign terms codes to purchase orders. Terms codes are used to calculate invoice due date and discount information.