On the form, you can specify a description for the purchasing payment terms and the payment schedule.

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 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 installments totaling exactly 100% of the payment amount.

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

• Prepayment: As for this installment, the entity must pay it as a prepayment, then during the specified number of days (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 had been shipped.

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).

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.