Maintain Terms

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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	Input the new terms code Field type : Alphanumerical Length : 10
Description	Input the Terms description Field type : Alphanumerical Length : 80

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:

1. Due in number of days
2. Due on specific day of the month
3. Due in the month end

Due in number of days

Result:

Terms	Doc Date	Due Date
90	02/01/2013	02/04/2013
90	15/02/2013	16/05/2013

Due on specific day of the month

Terms	Doc Date	Due Date
90	02/01/2013	30/03/2013
90	15/02/2013	30/04/2013

Due in the month end

Terms	Doc Date	Due Date
90	02/01/2013	30/04/2013
90	15/02/2013	31/05/2013