Where are terms used?

These 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.

Accounts Receivable

You can assign terms codes to debit memos, customers, and invoices in the Accounts Receivable application. Terms codes are used to automatically calculate invoice due date 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. You can use the invoice date, receipt date, or receipt of invoice to calculate the invoice due date.

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.