Using payment terms setup

Payment Terms (PYT) is used to define the payment terms details 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, or discount date 1.

If a set of payment terms changes, you should alter the terms using Payment Terms (PYT). The revised terms apply immediately to any new transactions entered using the terms code.

Uwaga: The payment details on existing transactions that were determined by the 'old' payment terms code settings are not updated. You can amend these payment details manually, if necessary.

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.