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

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