A/P Terms Code Maintenance (On the Fly)


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Vendor Maintenance / Vendor Inquiry

A/P Invoice Data Entry

A/P Repetitive Invoice Entry

Terms Code FAQs



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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.



Terms Code

Minimum Days Allowed (Days Before Due)


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