This catalog stores the terms types that you use to sell goods to clients: total amount by payments and due dates. We have included this feature for you to see the receivables for each client due to your entity at any moment of time by each contract and document.

To access the catalogmaster data, go to the ‘Sales’ section (see figure below).

Image Removed

The schematic showing how to access the ‘Sales Payment Terms Types’ catalog

By default there is only sales payment terms type (the receivables for it are calculated from the moment the good is 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 sales payment terms types.

As the list is filled and for convenience of workSales > See also > Sales Payment Terms.

This functionality is available if the Enable Payment Terms option is selected on the Administration > Settings > General Settings form. If the functionality is turned off, the payment terms cannot be used.

This master data registers the payment terms that are used when the entity is selling goods and services to customers. The payment terms define the due date for customer payment or payment schedule. The payment terms are also used to evaluate cash flows and to correctly calculate the amounts owed by customers (the Accounts Receivable Aging report).

Image Added
The Sales Payment Terms list

The list contains all the sales payment terms that can be used in the system. Sales 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, refer to 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 Sales Payment Terms. You can select the default payment terms on the Administration > Settings > Sales form.

The toolbar buttons

To create new Sales Payment Terms, click Create. For details, refer to Adding the Sales 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. The number of dependency levels is unlimitedtoolbar to create groups of similar payment terms. 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).

Image RemovedImage Added
The Sales 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.

See also