Configure multiple-instalment credit terms

For more information: Payment terms (CS206500).

You use the Payment terms (CS206500) window to define each set of payment terms. For a set of payment terms, you can specify payment as a single instalment (described in Configure single-instalment payment terms) or as multiple instalments (described in this topic).

1. Go to the Payment terms (CS206500) window.
2. In the General information section, in the Terms ID field, type the ID of the payment terms. The ID may contain up to ten characters.

1. In the Description field, type the description of the terms.

2. In the Visible to field, select the visibility of these payment terms (that is, under what circumstances they are listed and available for selection). The following options are available:

   • All: The terms can be assigned to both suppliers and customers.
   • Suppliers: The terms can be assigned to suppliers only.
   • Customers: The terms can be assigned to customers only.
   • Disabled: The terms are removed from the selection lists for both suppliers and customers.

3. In the Instalment type field of the Instalments settings section, select Multiple.

4. In the Instalment method field, select the instalment method, which determines how the system calculates the instalment amounts.

5. If you selected the Equal parts or VAT in first instalment instalment method, do the following:

   1. In the Number of instalments field, type the number of instalments.
   2. In the Instalment frequency field, select the instalment frequency.

6. If you selected the Split by percent in table method, do the following for each instalment:

   1. In the Instalments schedule table toolbar, click .
   2. In the Days column, type the number of days from the due date on which this particular instalment is due.
   3. In the Percent column, type the percent of the instalment.

7. In the Due date type field of the Due day settings section, select the due date type. For detailed descriptions of the options, see: About payment terms.

8. Depending on the due date type, specify the values of the other available elements (if any) in the Due day settings section.

9. Click .