Defining Prepayment Terms

Use prepayment terms when an invoice is prepaid. For prepayments, the net due date will be the same as the invoice date. The following procedure outlines the process for defining prepayment terms.

To define prepayment terms

  1. Access Maintenance (TE01.2), Prepayment tab.
  2. Type a term code and description.
  3. Select Prepayment (C) in the Type field.
  4. Select Active (A) in the Status field.

Related Reports and Inquiries

To Use
List all term codes Terms Code Listing (TE200)