The Payment Terms tab provides information on payment terms initially used for the purchase order and those to be actually used as agreed with the supplier.

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 "Purchasing 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 entity must pay it as a prepayment. You can enter the payment date in the Pay Date column and specify the percent of prepayment.
• Payment on Delivery: This installment must be paid by the entity on delivery of the goods and services (when the goods are received by the entity).
• Credit: This installment of the payment must be paid within the specified number of days after the goods have been delivered.

Notice that the 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.