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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. |
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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. |
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§ M for a particular day of the Month. |
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§ 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 |