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Terms Codes ExamplesField Descriptions
Terms Maintenance
Location: 1 Terms Code: 1
Description: NET 15 Invoice Due Discount Due #Days/Day/Last (N/D/L) N N Month Increment (Day/Last Only) Days To/Day Of Due Date 15 Discount%
Statement Messages YOUR ACCOUNT MUST BE PAID IN FULL WITHIN 15 DAYS OF THE INVOICE DATE. Enter to Update F4=Delete F12=Cancel Update
This terms code is due in 15 days from the date of invoice. If invoice date is 11/01/06 then due date is 11/16/06. No discount is calculated.
11/16/06 Terms Modeling Screen
Enter Values To Test Terms Setup: Location 1 Terms Code: 1 Invoice Date: 11/01/06 Invoice Amt: 100.00 Description: NET 15
Invoice Due Discount Due #Days/Day/Last (N/D/L) N N Month Increment (Day/Last Only) Days To/Day Of Due Date 15 Discount% Due Date: 11/16/06 Discount Date: 11/01/06 Discount Amt: Discount Rate: Net Amount: 100.00
Enter To Calculate Price F3=End
CALL TRMRMDL FOR REVIEW OF TERMS CODE CALCULATIONS.
Location: 1 Terms Code: 2
Description: LAST DAY OF CURRENT MONTH Invoice Due Discount Due #Days/Day/Last (N/D/L) L L Month Increment (Day/Last Only) Days To/Day Of Due Date Discount% 1.50
Statement Messages
Enter to Update F4=Delete F12=Cancel Update
Terms code for invoices due last day of month regardless of invoice date within month.
11/16/06 Terms Modeling Screen
Enter Values To Test Terms Setup: Location 1 Terms Code: 2 Invoice Date: 11/01/06 Invoice Amt: 100.00
Description: LAST DAY OF CURRENT MONTH Invoice Due Discount Due #Days/Day/Last (N/D/L) L L Month Increment (Day/Last Only) Days To/Day Of Due Date Discount% Due Date: 11/30/06 Discount Date: 11/30/06 Discount Amt: 1.50 Discount Rate: 1.50 Net Amount: 98.50
Enter To Calculate Price F3=End 11/16/06 Terms Modeling ScreenEnter Values To Test Terms Setup: Location 1 Terms Code: 30 Invoice Date: 11/01/06 Invoice Amt: 100.00
Description: LAST DAY OF FOLLOWING MONTH
Invoice Due Discount Due #Days/Day/Last (N/D/L) L L Month Increment (Day/Last Only) 1 1 Days To/Day Of Due Date Discount% Due Date: 12/31/06 Discount Date: 12/31/06 Discount Amt: 1.00 Discount Rate: 1.00 Net Amount: 99.00 Enter To Calculate Price F3=End
11/16/06 Terms Modeling Screen Enter Values To Test Terms Setup: Location 1 Terms Code: 21 Invoice Date: 11/01/06 Invoice Amt: 100.00 Description: 1% 10TH NET 11 Invoice Due Discount Due #Days/Day/Last (N/D/L) D D Month Increment (Day/Last Only) 1 1 Days To/Day Of Due Date 26 10 Discount% Due Date: 12/26/06 Discount Date: 12/10/06 Discount Amt: 1.00 Discount Rate: 1.00 Net Amount: 99.00 Enter To Calculate Price F3=End
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