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 - 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:
- Due in number of days
- Due on specific day of the month
- Due in the month end
Due in number of days
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