Terms Definition

"Terms Definition" enables creation of invoice payment terms codes. Terms codes can be associated with accounts payable and accounts receivable invoices.

Type Code name for the new terms code. Enter a brief Code description. Type the number of days within which if the invoice is paid the discount will be taken. Enter the Discount percent for the discount to be taken if paid within the discount days. Enter the number of days after invoice date the invoice is due in Days due. Click Save to save the terms code. The saved code will display in the terms code list below. Click a terms code in the terms code list, select "Delete" to delete the code. Select "Change" to retrieve the item, make changes, click Save to save the changes.

Terms fields