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:
1. Due in number of days
| Terms | Doc Date | Due Date |
|---|---|---|
| 90 | 02/01/2013 | 02/04/2013 |
| 90 | 15/02/2013 | 16/05/2013 |
2. 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 |