Configure single-instalment payment terms

For more information: Payment terms (CS206500).

You use the Payment terms (CS206500) window to define each set of payment terms, including due dates and conditions for cash discounts when an outstanding balance is paid early. For a set of payment terms, you can specify the payment as a single instalment (described in this topic) or as multiple instalments (described in Configure multiple-instalment payment terms).

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 Single.

4. 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.

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

6. Optional: In the Cash discount settings section, enter the settings that affect the discount for an early payment:

   1. In the Discount type field, select the discount date type. The availability of options depends on the option selected as the Due date type.
   2. In the Discount day field, specify the number of days or the particular day of the month, depending on the option selected in the Discount type field. (This field is unavailable for some Discount type options.)
   3. In the Discount % field, specify the percent to be applied to the document total amount to calculate the discount percentage.

7. Click .