To access the the list of purchasing payment terms, go to Purchasing > Master Data > Purchasing Payment Terms. This functionality is available if the Enable Payment Terms option is selected on the Administration > Settings > General Settings form.
Maintaining the list of payment terms enables the company to correctly estimate cash flow.
The list of Purchasing Payment Terms
By default there is only purchasing payment terms type (the debt for it is calculated from the moment the goods or materials are shipped). It is editable. To edit a term type, double-click the line with its name or click the line and press the ‘More’ button located in the right toolbar. Then select ‘Edit’ from the drop-down list. You can right-click the line instead of pressing the ‘More’ button. To learn more about editing, see par. Create and edit purchasing payment terms types.
As the list is filled and for convenience of workflows.
This master data registers the payment terms that are the result of agreement between your entity and suppliers. The payment terms define the due dates for payments to suppliers or the payment schedules. The payment terms are used to evaluate cash flows and to correctly calculate the amounts owed to suppliers (the Accounts Payable Aging report).
The Purchasing Payment Terms list
The list contains all the payment terms that can be used in the system. Payment terms are listed with their brief descriptions and codes.
As the list is populated, you can change its display settings. Press the ‘More’ button in the catalog right side Click More on the toolbar and select ‘Configure Configure list. For more information on the list settings, Working with the item list..’ from the drop-down list. To learn more about the lists display settings, see par. Work with the item list.The hierarchy structure is built using
At any time, you can add new Purchasing Payment Terms. The default payment terms for usage in Purchasing module can be selected on the the Administration > Settings > Purchasing and Warehouses form.
The toolbar buttons
To manually add new payment terms, click the Create button on the toolbar. For details, refer to[ Adding Purchasing Payment Terms|1.1.2.1. Adding Purchasing Payment Terms].
For description of other buttons, refer to List toolbar.
The hierarchic structure is built using the groups; you can use the Create Group button on the catalog toolbar to create groups of similar payment terms. The number of dependency hierarchy levels is virtually unlimited. To create a group, enter its description. If the created group is a part of another group, please specify the parent group in the Folder field (see figure the screenshot below).
The Purchasing Payment Terms Types (create folder) formYou can
allocate the items in the folders by dragging (in the same way as in desktop and mobile operating systems: select the item, press and hold the mouse button and drag it to the required folder) and by editing (in the create and edit sales payment terms types form, specify the folder where you want to move this item to)On this form, only the Description field is required. To save the new group, click Save, to save the new group and close the form, click Save and close.
Then, on the list of purchasing payment terms, you can populate the groups by drag-and-drop.
See also
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