Customer payment terms

Path : SPRO-Financial accounting –>AR and AP –>Business transactions->Incoming invoices / Credit memos –> Maintain terms of payment 

Select new entries tab

Payment terms                     : it is 4 digit code 

Select customer check box

Select vendor check box

Default for base line date

No default                             :No.of purchases during the month base line date at the     time of Invoice posting –Blank

                                              For all purchases during the month give month end date.

Document date                     :Party bill date

Posting date                          :Goods receipt date

Entry date                              :Quality approval date

Payment terms                     :If the payment is made within 15 days -3% cash discount

                                                If the payment is made within 25 days -2% ash discount payable within 30 days

Under default for baseline date: Select posting date radio button

                                                Percentage   No.of days

Term 1                                      3                    10

Term2                                       2                    20

Term3                                     -                       30

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