Terms Maintenance Overview

Terms code define the rules for when customer invoices are payable to you and when invoices from your vendors are payable to you, including due dates and/or available discounts.

Use the Terms Maintenance functions to create and maintain payment terms for your customer's invoices. In addition, you can do the same for payment terms as established by vendors that you purchase goods and services from. For training purposes, new systems arrive with several standard terms codes already defined, but you need to define the additional terms codes that your company uses.

Terms codes are applied using the Credit Control Parameters window. For more information, see Authorizing Customer Personnel to Place Orders.

Use the following procedures to create and edit terms codes:

• Creating or Editing Terms Codes

• Creating Terms Codes That Allow Split Payments

• Creating Multiple Discount Dates and Percentages for Terms Codes

• Creating Variable Terms Codes

• Overriding Terms Credit Controls

See Also:

Accounting Setup Overview