A/R Terms Screen

Select whether or not the discount amount is based on the invoice amount with taxes:

• Included. Select this option to include a discount on taxes.
• Excluded. Select this option to exclude a discount on taxes or if you do not charge taxes to your customers.

You can change the discount amount on individual invoices, as required.

Enter a description (name) for the terms code.

If you selected Discount Date Table for Discount Date Type, use this table to set up standard discount dates for invoices issued within specified ranges of days. You can set up one to four ranges. You can also specify discount dates that are one or more months later.

For each range (line of the table), specify:

• Starting Day. First day in range.
• Ending Day. Last day in range.
• Add Months. If the discount date is within a month, type 0. Otherwise, type the number of months to add to the discount date.
• Day of Month. Type the day of the month that is the discount date.

Select the method you use to calculate the discount dates for transactions:

• Days from Invoice Date. Select this method if discount dates are calculated as a particular number of days from the document date. You then enter the number of days in the Number of Days column of the Terms Table.
• End of Next Month. Select this method if the discount date is the last day of the next month, regardless of the document date or the number of days in the month.
• Day of Next Month. Select this method if the discount date is a specific day. You then enter the day of the next month that is the discount date in the Terms Table.

  Example: If the discount date is the fifth of each month, type 5 in the Day of Month column.

• Days from Day of Next Month. Select this method if the discount date is a specific number of days from a particular day in the next month. You then type the number of days and type the day of the next month in the Terms Table.

  Example: If the discount date is 10 days after the first of the month, enter 10 in the Number of Days column, and 1 in the Day of Month column.

• Discount Date Table. Select this method to use the Discount Date Table to set up standard discount dates for invoices entered within specified ranges of days. Standard discount dates are similar to Day of Next Month except they do not restrict you to a single discount date.
  Note: You cannot select this method if you selected the Multiple Payment Schedule option.

If you selected Due Date Table for Due Date Type, use this table to set up standard due dates for invoices issued within specified ranges of days. You can set up one to four ranges. You can also specify due dates that are one or more months later.

For each range (line of the table), specify:

• Starting Day. First day in range.
• Ending Day. Last day in range.
• Add Months. If the due date is within a month, type 0. Otherwise, type the number of months to add to the due date.
• Day of Month. Type the day of the month that is the due date.

Note: You can use standard due dates to assign invoices to the 15th or 30th of each month. Standard dates are designed for businesses that enter invoices throughout the month, but print and mail invoices only on specific days of the month.

Select the method you use to calculate the due dates for transactions:

• Days from Invoice Date. Select this method if invoices are due a particular number of days from the document date. You then type the number of days from the document date that payment is due in the Number of Days column of the Terms Table.
• End of Next Month. Select this method if invoices are due on the last day of the next month, regardless of the document date or the number of days in the month.

• Day of Next Month. Select this method if invoices are due on a specific day. You then enter the day of the next month that is the due date in the Terms Table.

  Example: If invoices are due on the fifteenth of each month, type 15 in the Day of Month column.

• Days from Day of Next Month. Select this method if invoices are due a specific number of days from a particular day in the next month. You then type the number of days and the day of the next month in the Terms Table.

  Example: If the due date is 18 days after the first of the month, type 18 in the Number of Days column, and type 1 in the Day of Month column.

• Due Date Table. Select this method to use the Due Date Table to set up standard due dates for invoices entered within specified ranges of days. Standard due dates are similar to Day of Next Month except they do not restrict you to a single due date.
  Note: You cannot select this method if you selected the Multiple Payment Schedule option.

Select this option if you do not want to assign this terms code to any customers.

Normally, you use this option when you decide to delete a terms code and want to ensure that it is not assigned to any additional customers.

Note: You cannot save changes to customer and national account records that use the inactive terms code; you must assign an active terms code to the records before you can save them.

Displays the date the last change was made to the terms code.

Select this option to allow installment payments. You can then add lines to the Terms Table for each payment.

If you do not select this option, the Terms Table can only contain a single line.

Enter a code to identify the terms, using up to six characters.

If you do not select the Multiple Payment Schedule option, this table can only contain a single line with the payment terms.

If you select the Multiple Payment Schedule option, add lines to the table to define the terms for each payment.

Click Add Line to add lines to the table.

In the table, enter information in the following columns: