Specifies a formula that calculates the payment due date, payment discount date, and payment discount amount on the purchase document. By default, the payment term from the vendor card is entered.
The program automatically retrieves the payment terms code from the Vendor table when you fill in the Pay-to Vendor No. field.
The payment terms are used to calculate the due date and payment discount date from the document date and to find payment discount percents.
You can enter a different payment terms code if the default one is not correct. To see the payment terms codes that have been set up in the Payment Terms table, click the field.
The program automatically copies the contents of this field to the Prepmt. Payment Terms Code field, but you can change the contents of the Prepmt. Payment Terms Code field if you want a different set of payment terms to apply to prepayments.
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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. |