Maintenance (TE01.2)

Use Maintenance (TE01.2) to define and maintain terms codes. There are five types of terms codes in the Lawson Terms application (Net, Multiple Payment, Split, Fixed Days, Prox, and Prepayment); each type has a separate page.

• Use the Net page to define and maintain net terms codes.
• Use the Multiple Payment page to define and maintain multiple payment terms codes. If you define Discount Options for a multiple payment terms code, the discounts are applied to all payment obligations for the transaction. You can define multiple discounts for the Lawson Accounts Receivable application.
  Note: Lawson Accounts Payable (AP) application cannot use the multiple discount functionality. AP can store only one discount code.
• Use the Split page to define and maintain split month payment terms codes.
• Use the Fixed Days page to define and maintain fixed terms codes. Fixed terms do not contain discount information. The Days for Adjustment are used when a calculated due date falls between two fixed payment days you define. For example, if you define the Fixed Payments Days of the Month (net due days) as the 10th and 18th of the month, and the calculated day to the first due date is the 13th, an adjustment to one of the two due dates is required. If you define the Days for Adjustment days as 3 or more, the 10th would be the first net due day because it is within 3 days of the calculated due date. If you define the Days for Adjustment days as 2 or fewer, the 18th would be the first net due day because the 10th is not within 2 days of the calculated due date.
• Use the Prox page to define and maintain prox terms codes.
• Use the Prepayment page to define and maintain prepayment terms codes. When you assign a prepayment terms code to a transaction, the calculated net due date will be the transaction date and no discount will be applied.