Updating from 3 40 oe a www dating mozumy com
Use fixed payment terms when you want to specify a due date instead of having the system calculate the due date.For example, if you want all transactions due at the end of the year regardless of when they were entered, enter a due date of December 31, 2006.You specify the work day rule for a due date rule using the Due Date Rule Revisions program (P00146).By using a work day rule, you can adjust the payment's due date to correspond to your work days, as well as prevent unintended grace periods that might occur if the due date falls on a Saturday and your business is closed.
It then adds the discount days to the invoice date to determine the discount due date.
Assume that you set up a payment term code for: You enter a transaction with an invoice date of June 14.
The system calculates the discount due date as June 24 and the net due date as July 14.
Use net payment terms to specify the due date of the transaction by adding some number of days to the invoice date of the transaction.
Assume that you specify net 30 days to pay and you enter a transaction with an invoice date of June 14. In addition to specifying the net days to pay (or due date), you can specify the discount percent and the discount days.
Assume that you set up a payment term code for: Before you set up due date rules, set up work day calendars using the Work Day Calendar program (P00071).