A/P Terms Code Maintenance (On the Fly)

Window Details
	Navigation
	Overview
	Fields

Related Topics
	Vendor Maintenance / Vendor Inquiry	A/P Invoice Data Entry
	A/P Repetitive Invoice Entry	Terms Code FAQs

Navigation

Access this window using one of the following methods:

Select Accounts Payable Main menu > Vendor Maintenance. In the Vendor Maintenance window, in the Terms Code field, enter a new terms code. A message appears asking if this is a new terms code. Click Yes.
Select Accounts Payable Main menu > Repetitive Invoice Entry. In the A/P Repetitive Invoice Entry window, in the Terms Code field, enter a new terms code. A message appears asking if this is a new terms code. Click Yes.
Select Accounts Payable Main menu > Invoice Data Entry. In the A/P Invoice Data Entry window, in the Terms Code field, enter a new terms code. A message appears asking if this is a new terms code. Click Yes.

Overview

Use Terms Code Maintenance (On the Fly) to establish common payment terms offered by vendors. After terms codes are established, you can assign these standard terms to vendors. During invoice processing, discount amounts are calculated automatically, and invoice and discount due dates are displayed based on the terms code assigned to each vendor.

You can obtain payment and purchase terms information from your major suppliers' invoices or statements. Many vendors within an industry have the same terms. You only need to enter each term once. You can recall the appropriate terms information (for example, 2% 10 Days, Net 30 Days) for any vendor by selecting the correct code.

Fields

Terms Code	Minimum Days Allowed (Days Before Due)
Description	Days Discount Allowed
Copy From	Day of the Month (Days Discount Allowed)
Days Before Due	Minimum Days Allowed (Days Discount Allowed)
Day of the Month (Days Before Due)	Discount Rate