Summary
Payment Terms are accounting incentives or requirements for customer payment.
Window
Administration - Payment Terms
Field Descriptions
The following table lists field descriptions.
|
Section/Field |
Description |
|
Id |
User defined numeric entry used for identification. |
|
Category |
Category of payment, usually in typical accounting nomenclature. |
|
Discount |
Numeric value for a percent of discount offered. |
|
Disc. Days |
Defined term or number of days a customer can pay a bill and take advantage of the offered discount amount. |
|
Net Days |
Billing period when the balance for a bill is due for payment, whether or not the customer took advantage of an offered discount. |
|
C.O.D. |
Cash of demand means there are no credit terms offered and payment is due upon acceptance of goods. |
Accessing
1. In the Project List window, select Administration.
2. Select Administration > Payment Terms.