To access 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 flows.
This master data registers the 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 Aging report).
The Purchasing Payment Terms list
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