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* There are 3 types of terms: | * There are 3 types of terms: | ||
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Revision as of 03:19, 18 February 2013
Menu: Tools | Maintain Terms...
Introduction
- Credit Terms use to calculate the due date for the documents like sales invoice, cash sales, sales debit note, purchase invoice, cash purchase, and purchase debit note.
Create New Terms
- Screenshot below is the Terms entry form.
| Field Name | Explanation & Properties |
|---|---|
| Code |
|
| Description |
|
Term Types
- You have to select an appropriate term type. It has an impact on the due date calculated.
- There are 3 types of terms:
||
| Doc Type | Doc Date | Exchange Rate |
|---|---|---|
| Sales Invoice | 02/01/2013 | SellingRate = 3.2055 |
| Cash Sales | 15/02/2013 | SellingRate = 3.1890 |
| Purchase Invoice | 15/01/2013 | BuyingRate = 3.2112 |
| Cash Purchase | 08/02/2013 | BuyingRate = 3.1550 |