Specifies a code that indicates the payment terms that the vendor usually requires. The payment terms code you define in this field is inserted on purchase invoices for the vendor.
A payment terms code stands for a formula that calculates the due date, payment discount date and payment discount percent. When a code has been entered on the vendor card, the program will enter the appropriate payment terms when you register an invoice from the vendor.
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For more information about how to work with fields and columns, see Work with Data. For more information about how to find specific pages, see Search. |