On the form, you can specify a description for the Purchasing Payment Terms and the payment schedule.
The Purchasing Payment Terms (create) form
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<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 a define the payment schedule. There can be any number of payment installments (or stages) totaling exactly 100% (in the Payment, % column) of the payment amount.
Click Add to add an installment and select its stage type (stage):
- Prepayment: As for this installment If this stage type is used, the entity must pay it as a prepayment, then during the specified number of days (the Days column) ; only then the goods will be shipped by the supplier.
- Payment on Delivery: This portion of the payment installment must be paid to the supplier on delivery of the goods and services (when the goods are received).
- Credit: This portion of the payment installment must be paid within the specified number of days after the goods had been shippeddelivered.
If the purchasing payment terms can be considered as a member of a certain group of payment terms, select this group in the Folder field (to create a new group, click the 
button in the Groups drop-down list).
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