Setting up payment terms

Payment terms enable you to control the dates, discounts, documents, and charges that can apply when payments are settled for an account. For example, payment terms can be used to calculate the payment due date for each invoice.

A set of payment terms is linked to each customer and supplier and used to calculate these dates and related payment details on the customer's or supplier's transactions.

Payment terms are defined using Payment Terms in two parts; first a payment header is defined to identify the terms, then one or more payment term details are defined. Each payment term detail contains the calculation requirements for a single type of date, for example due date, discount date 1, or late payment date.

Uwaga:  You can use Payment Terms Update (PYU) to apply a new payment term to a selection of existing transactions to which terms have not previously been applied.
  1. Select the Payment Terms (PYT) form.
  2. Enter a new Payment Terms Group Code and click OK.
  3. Enter the remaining payment terms header details, including the Scheduled Payments code as required. Click OK.
  4. Click on the Term Details button to display the Payment Terms Details Setup form.
  5. Enter the settlement terms that apply to a chosen type of date and then click OK to save these.
  6. To add another line of details, click Insert, enter the details and click OK.
  7. When you have entered all of the payment term details for the current set, click Exit to return to the header form.
  8. You can then add or maintain another set of payment details, or click Exit to leave the function.