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
Use the Template field to select the payment terms to be used as a template of payment terms applied to this particular document.
Use the Stage Type column to specify the type of payment installment. In the Days column, specify the number of days after the delivery date.
The Add to Payment Calendar option indicates (if selected) that the future payments for this order will be registered for the cash forecast.
The table below on the tab shows the payment schedule (installments) for the payment terms used as a template. You can change the schedule by adding or removing installments and changing any of the parameters: pay dates, percentages, or amounts.
Click Add to add an installment type (stage):
- Prepayment: The customer must pay this installment in advance to shipping. 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 installment must be paid by the customer on delivery of the goods and services (when the goods are received by the customer).
- Credit: This 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.