To set up payment schedules

To set up payment schedules, take the following steps:

1. Payment Schedules (tcmcs2620m000)

   Define the payment schedule header. Define whether the payment amounts on the payment schedule lines are specified as percentages or through a factor, and the select the payment period type which can be Days, Months, or Fiscal Periods.

2. Payment Schedule Lines (tcmcs2121m000)

   For each schedule line, define the payment amount and the payment period. You can define up to three discount periods and discount percentages for each line. The payment schedule lines are independent of each other. You can specify a separate payment method or receipt method for each line.

3. Payment Terms (tcmcs0113s000)

   Define the payment terms. To link the payment schedule to the payment terms, in the Payment Schedule Header field, zoom to the Payment Schedule Headers (tcmcs2120m000) session and select the payment schedule.

4. Finance Company Parameters (tfgld0503m000)

   If payment schedules must be used for every invoice in the financial company, select the Schedules Mandatory check box.