The Payment Terms tab provides information on payment terms initially used for the order and those to be used later.
The tab comprises the following two panes:
- New Terms: This pane lists the stages of the payment terms applied to the document.
- Terms Before Changes: This pane lists the stages of the new payment terms to be applied to the document.
The "Sales Payment Terms Adjustment (create)" form. The Payment Terms tab
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- Prepayment: The customer must pay it as a prepayment. Then, during the specified number of days (the Days column) the entity will ship the goodsthis installment in advance. In the Pay Date column, select the due date that is earlier than the delivery date. If you need to block the customer's new orders before the prepayment is made, select the Block Supplying option. If you need to block shipping of the goods for this order before the prepayment is made, select the Block Shipping option.
- Payment on Delivery: This portion of the payment installment must be paid by the customer on delivery of the goods and services (when the goods are received by the customer).
- Credit: This portion of the payment installment must be paid within the specified number of days after the goods have been delivered.
Notice that the column total for the Payment % column must be equal to 100%. You can use the Recalculate button to initiate recalculation of the amounts and dates for the changed schedule. For details, refer to Adding Sales Payment Terms.