Sales Order Entry - Payment

You can specify discounts and terms of payment to be applied in the following fields. If these fields are not completed, the payment terms specified in the Payment Terms Code field are applied.

Specify this information in the Payment section:

Payment Due Date

The date by which payment is due from the customer.

Discount 1 Percentage

Discount percentage to be applied if payment is received from the customer by the Discount 1 Date setting.

Discount 1 Date

Date by which payment must be received in order for the Discount 1 Percentage setting to be applied.

Discount 2 Percentage

Discount percentage to be applied if payment is received from the customer by the Discount 2 Date setting.

Discount 2 Date

Date by which payment must be received in order for the Discount 2 Percentage setting to be applied.

Late Payment Date

If payment has not been received by this date the Late Payment Percentage setting is applied as a penalty.

Late Payment Percentage

The percentage to be charged to the customer as a penalty for late payment.

Interest Date

If payment has not been received by this date the Interest Percentage setting is applied as a penalty for non-payment.

Interest Percentage

The percentage to be charged to the customer as a penalty for non-payment.

Payment Terms Group Code

The code for any payment terms to be applied as defined in the customer record.

Transaction Period

The period in which the transaction took place.
Note: Order lines can have different dates and periods in order to handle scheduled orders where the different order lines represent goods or services that are delivered on different dates. The order lines can then be invoiced separately when they have been fulfilled. The Sales Invoice Generation function only creates one sales invoice with one transaction period for the order lines that it processes, depending upon the consolidation rules. Order lines can also be invoiced in advanced by using the Generate Invoice Parameter form to override the default current date and period.
Save your changes.