Code – The code for this Payment Term.
Description – The description of the terms.
Days Available – Days available for a discount.
Discount Rate – The discount if paid before days available.
Days Before Due – Days before due, after which service charges can be levied.
Apply Discount to Net Amount – Do not include taxes or freight in the discount calculation.
Apply Discount to Freight – Include freight in the discount calculation.
Payment Terms Tabs
Customers – The list of customers that have these terms as a default.
Vendors – The list of vendors that have these terms as a default.
Accounts Receivable – The open AR entries that have these terms.
Accounts Payable – The open AP entries that have these terms.
Communications – Any number of notes can be added to these terms.
User Defined – User defined fields can be added to track and/or print. (Spire UDF license required)