Adjutant
Welcome Guest, you are in: Login

Desktop Adjutant

RSS

Navigation







Quick Search
»


Advanced Search »

Page History: Payment Term Codes

Compare Page Revisions



« Older Revision - Back to Page History - Newer Revision »


Page Revision: Thu, 15 Aug 2019 12:32



General Information

Default Menu Location: Maintain >> System >> Rule Maintenance >> Terms of Payment (TERMS)

Screen Name: RULEM

Function: Payment Terms are used in Quoting, Sales Orders, Invoices, Purchase Orders, and AP Invoices.

How to set up payment terms

1. First, open the "Rule Maintenance" screen. "Maintain-->System-->Rule Maintenance"

2. Then, select the "Terms of Payment" rule from the dropdown:

Image

3. Next, hit the add/new button, and then fill in the corresponding info for the payment term:

Image

Rule Setup - Text Fields

Text1 -TERMS: Name for the payment terms.

Text3 -PDF Link: This is a phrase that links to the SOPDF rule, text 3. If linked, when the term is selected, it will automatically pull in the attached PDF.

Rule Setup - Number Fields

Due Days: The amount of days until payment is due.

Discount Days: The amount of days until the discount expires.

Discount %: The percent of discount that will be applied if the payment is made within the discount period (also applies to prox terms).

Prox Due Date: The day of the following month the invoice is due. Use 32 for end of month.

Prox Disc Date: The day of the following month the discount is good through.

Prox Cut Date: The cutoff date for the prox logic. Invoices generated before this date will have a due date in the following month. Invoices generated on or after this day will have a due date the month after next.

For example, if the current month is January and the terms have a cut date of 15, then invoices generated before the 15th will be due in February. Invoices generated on or after the 15th will be due in March.

Prox Due 2:

Prox Disc 2:

Prox Cut 2:


Adjutant Wiki via Screwturn version 3.0.5.600. You are logged in as Guest. There are 921 pages in the Wiki. Learn More About Adjutant Enterprise Solutions