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Overview
The Terms report lists the information entered for each terms code to specify how to calculate due dates, discount amounts, and discount periods on invoices that use the code.
When to Print
Print the report when you add, change, or delete terms codes.
Information Printed on This Report
- The range of terms codes you chose to print on the report.
- The terms code and description, and date the terms record was last edited.
- The method used to determine the due dates for invoices assigned to the terms code. You can calculate due dates using a number of days from the invoice date, the end of the next month, a day of the next month, a number of days from a day of the next month, or a due date table.
- Discount information, including the method used to determine the discount period, whether to include tax in the base for discount calculations, and the discount percentage.
- If the terms code uses a table to calculate due dates or discount dates, the report lists the information in the table.
- For multiple payment schedules (this information appears only if you select the Include Multiple Payment Schedules option):
- Percentage due
- Method of calculating the due date
- Discount information for each payment.