Where are Terms Used?

The following Lawson® applications use terms codes defined in the Terms application:

  • Accounts Payable

    • Accounts Receivable

    • Billing

    • Bills of Exchange

    • Invoice Matching

    • Order Entry

    • Purchase Order

Accounts Payable

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

Accounts Receivable

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

Billing

You can assign terms codes to invoices for ship-to customers in the Billing application. Terms codes are used to automatically calculate invoice due date 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 in the Bills of Exchange application.

Invoice Matching

You can assign terms codes to invoices in the Invoice Matching application. Terms codes are used to automatically calculate invoice due date and discount information.

Order Entry

You can assign terms codes to orders in the Order Entry application. Terms codes are used to automatically calculate invoice due date and discount information.

Purchase Order

You can assign terms codes to purchase orders in the Purchase Order application. Terms codes are used to automatically calculate invoice due date and discount information.