Creating or modifying the payment term

Use the Payment Terms page to create or modify the payment term that indicates the conditions such as the period allowed to pay the due amount, cash on delivery, a deferred payment period.

  1. Select Setup > Master Data > Payment Terms.
  2. Click Add. The Define Payment Term page is displayed.
    Note:  You can use the Edit option corresponding to the payment term to modify the payment term.
  3. Specify or modify this information:
    Payment Term
    The code of the payment term.
    Description
    The description of the payment term.
  4. Click Save.