Payment terms (CS206500)
You can use this window to define multiple types of payment terms that are commonly used by suppliers in their relations with your company and by your company in its relations with customers.
This topic provides information about the elements in this window in Visma Net, such as fields, field values, buttons, and check boxes.
Payment terms include the instalment option (one payment or multiple instalments), the payment schedule, and the terms for a cash discount (for only the single instalment option). Also, payment terms can be used as a schedule for overdue charges.
## Search line in list window If you are in the list window, the first line in the table is a search line. Each column has a search field which you can click to search for or filter on specific values and narrow down the displayed table rows. You can search and filter in as many columns as you need to, to only display the results you want to view. There are two types of search fields: + White: here you can type a specific search term to display results in this column containing this exact value. If you search on several (partial) words, you can separate them by a space or **%** and get different results: + space: the result contains the words in any order, + **%**: the result contains the words in the specific order, and the **%** functions as a wildcard as well. + Grey: you can click this to open the column filter pop-up window where you can filter the results for this column.The General information section
You use the elements in this area to define a new set of payment terms and its settings, or to select an existing set of terms and view its settings.
| Element | Description |
|---|---|
| Terms ID | The unique identifier for these payment terms. The alphanumeric string may contain up to 10 characters. |
| Description | A detailed description of the payment terms. This alphanumeric string may contain up to 30 characters. |
| Visible to | The target audience for which the terms are visible, which can be one of the following:
|
The Due day settings section
| Element | Description |
|---|---|
| Due date type | The method of due date calculation. The following options are available:
|
| Move due date if on the weekend | If the due date on the invoice falls onto a weekend (Saturday or Sunday), use the options in the drop-down to calculate it to the Friday before the due date or the Monday after it. With the option Keep the exact date the due date remains unchanged. |
| Due day 1 | The first due day, which is used with certain Due date type options. Specify the number of days if the Fixed number of days option is selected, the day of the month if the Day of next month or Day of the month option is selected, and the first due day if the Custom option is selected. |
| Day from 1 | The start day of the date range for documents due on the first due day; this element is used with the Custom option only. |
| Day to 1 | The end day of the date range for documents due on the first due day; this element is used with the Custom option only. |
| Due day 2 | The second due day; this element is used with the Custom option only. |
| Day from 2 | The start day of the date range for documents due on the second due day; this element is used with the Custom option only. |
| Day to 2 | The end day of the date range for documents due on the second due day; this element is used with the Custom option only. |
The Cash discount settings section
In this section, you provide the details of the cash discount included with this set of payment terms. You can specify a cash discount only if the Single instalment type is selected in the Instalments settings section.
| Element | Description |
|---|---|
| Discount type | The method of calculating the cash discount period, which can be one of the following options:
|
| Discount day | The number of days or the particular day of the month, depending on the Discount type; this field is unavailable for some options. |
| Discount (%) | The percent of the discount. |
| Delay days | With the amount of days defined here, the cash discount will be considered when registering the payment on the invoice. For example, the cash discount date is set to the 1st of the month, the Delay days field has value 2. You register the payment on the 3rd of the month, and cash discount amount will be used. |
The Instalment settings section
By using these elements, you can define how documents should be paid: in a single payment or in multiple instalments. If the amount is due in multiple instalments, you can also specify a percentage and a due date for each instalment; the due date for the first instalment is specified in the Due day settings section. Discounts are not available for multiple-instalment payment terms.
| Element | Description |
|---|---|
| Instalment type | The type of instalment, which can be one of the following options:
|
| Number of instalments | The specific number of instalments; this field is unavailable if the Split by percent in table option is selected as the Instalment method. |
| Instalment frequency | The frequency of instalments; this field is unavailable if the Split by percent in table option is selected as the Instalment method. The following options are available:
|
| Instalment method | The method by which the amounts of instalments are calculated. Select one of the following options:
|
The Instalments schedule table
| Column | Description |
|---|---|
| Days | The number of days from the due date on which a particular instalment is due. You must use an integer between 0 (due date) and 31. |
| Percent | The percent of a document total. As you add a new instalment, the percent is automatically adjusted to make all instalments total 100 percent. |