To add On the form, you can specify a description for the purchasing payment terms type, press the ‘Create’ button on the toolbar of the respective catalog. To edit the existing one, double click the line with its name. You can also select the line, press the ‘More’ button (in the upper right corner) and click ‘Edit’ in the drop-down list. You can right-click the line instead of pressing the ‘More’ button.In the create form, only the Description field and payments distribution by stages are required. The ‘Description’ that you enter and the payment schedule.

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The Purchasing Payment Terms (create) form

In the Description field enter the payment terms description that will be displayed in the system interface and in the drop-down lists.

<Auto> in the Code field indicates that a unique code for the new payment terms is assigned automatically when you save the master record.

Use a table to define the a payment schedule. There can be any number of payment stages. The most important thing is that you should distribute installments totalingexactly 100% of the payment amount among them. Otherwise you won't be able to save the payment terms type. You should select a type for each stage:

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Click Add to add an installment and select its type (stage):

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• Prepayment: As for this installment, the entity must pay it as a prepayment, then during the specified number of days before the goods or materials are delivered.
• - ‘Payment on Delivery’ means that you should pay the specified part of the total payment amount when the goods or materials are delivered.
• - ‘Credit’ means that you should pay the specified part of the total payment amount (the Days column) the goods will be shipped by the supplier.
• Payment on Delivery: This portion of the payment must be paid to the supplier on delivery of the goods and services (when the goods are received).
• Credit: This portion of the payment must be paid within the specified number of days after the goods or materials have had been delivered.

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• shipped.

If the purchasing payment terms type is a part can be considered as a member of a certain group , please specify it of payment terms, select this group in the Folder field (to open the catalog for selectioncreate a new group, click the ‘Show all’ hyperlink Image Added button in the Groups drop-down list). If the necessary folder has not been added yet, you can create it by pressing the ‘Create Group’ on the toolbar of the displayed catalog or by pressing the Image Removed button in the same drop-down list.

Cash Type determines how you will pay the supplier: cash or non-cash. The ‘Unknown’ option is selected by default. If you do not know the answer to this question or you do not want to specify it, you may leave the default value.

After completing the form, press ‘Save and close’ or ‘Save’ to save the applied changes. When saving a new item, the system will assign it a unique code that can be edited

Use the Cash Type radio buttons to select the planned type of payment: Cash, Non-Cash (Cashless), or Unknown (the default option).

The toolbar buttons

Click the Save button to save the new purchasing payment terms or the Save and close button to save the payment terms and close the form.