Note

You can click a column title to sort the grid.

Or, you can click the Filter button   in a column to filter the grid by that column.

Add Term button

Click the button to add a new Term.

Term

The Term identification. Click the ID link to view or edit Term details.

Refer to the Add/Edit instructions later in this topic.

Description

The description of the Term.

Due Type / Due Day

Describes either:

Day of the month when due and the Due Day (day of the month, i.e., 1-31), or

Number of days until due and the Due Day is shown (1-99 days after billing).

Example:

Discount Type / Discount Day

Shows one of these options:

Number of days for discount and the Discount Day (day 1-99 after billing), or

Day of the month for discount and the Discount Day (day of the month, i.e., 1-31).

Example:

 

Discount Pct

The discount percentage in the format 0.000.  

Delete

Use the Delete button to delete a Term. Refer to the delete instructions later in this topic.

A red dot indicates a required field or selection.

Term

An identification label for the Customer (for example, BNC for Big National Company). This ID appears on lists and in reports. Examples:

5P Net30

21030 N30

3% Disc 10D N30

Due30

DueNow

Description

A user-defined description for the Term. This should reflect your selections for Due Information and Discount Information. Examples:

15 day 5%, net 30

2% paid on 10th, net 30

3% Discount 10 days, Net Due 30 Days

Due in 30 days, no discount

Pay Immediately, no discount

Due Information / value field

Select the option you want to set up and then enter an appropriate value into the text box.

NOTE that "Pay Immediately" is set up as Number of days until due = 1.

Day of the month when due

In the field, enter the day of the month the payment is due. Valid options are 1 through 31.

Number of days until due

In the field, enter the number of days until the payment is due. Valid options are 1 through 99.

Discount Information / value field

Select the option you want to set up and then enter an appropriate value into the text box.

NOTE that "No Discount" is set up as Number of days for discount = 1.

Day of the month for discount

In the field, enter a day of the month into the field. Valid options are 1 through 31.

Example: Enter "15" if the Customer must pay by the 15th of the month to get a discount.

Number of days for discount

Enter a number of days into the field. Valid options are 1 through 99.

Example: Enter "10" if the Customer must pay within 10 days to get a discount.

Percentage

The percentage discount you will grant if the Customer pays according to terms. The default is 0.0000. Accept the default if this term you are setting up is "no discount."

Save

Click to save your changes.

1. Select Setup—AR Setup—Terms. The Terms page opens.
2. Click Add Term. The form appears.
3. Use the Add/Edit field list to complete the form.
4. Click Save.

1. Select Setup—AR Setup—Terms. The Terms page opens.
2. Select the Term link for the Term you want to edit. The Customer tabs appear.
3. Use the Add/Edit field list to help edit the form.
4. Click Save.

1. Select Setup—AR Setup—Terms. The Terms page opens.
2. Click the Delete icon for the Term you want to delete. A confirmation message appears.
3. Click Confirm Delete. The Terms page appears again.

Permissions must be set in the System module to access all Terms setup activities.

Permissions for Terms

System module—Security—Users—eFinancials—Setup—AR Setup—Terms

Terms setup has separate permissions for Add, Edit, and Delete. View is granted with the top level permission, Terms.

 

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