Trading Terms Code Maintenance Window

 

This window appears when you select Trading Terms from the Administration Parameters Menu

Purpose

This window lists trading terms codes which have already been defined. It enables you to enter new trading terms and to amend existing trading terms.

 

Trading terms codes determine the due and discount dates of invoices and the settlement discount offered.

Warning

You should not delete trading terms after the system is operational.

The prompts are:

Code

Enter a terms code of up to 2 characters.

Description

Enter a description of up to 20 characters.

Invoice message

Enter a message to appear on invoices using this terms code, in up to 40 characters.

Due date, type

This code determines when an invoice based on the terms code is due. It can be:

§   D for a particular number of Days from the invoice date.

 

§   M for a particular day of the Month.

 

§   nM for a particular day in the nth month hence.

Days

If you entered D above, this is the number of days after the invoice date that the invoice is due.

If you entered M above, it is the day of the month that the invoice is due.

Example

If you enter 18 and the Type is D, this means the due date is 18 days after the invoice date. If the type is M, it means the 18th day of the month.

Discount date, type…days

See Due Date, Type and Days above.

Discount percentage

Enter the discount percentage.

On exit

Ž Administration Parameters Menu.