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Setting Up Payment Terms

Payment terms are the different terms that you offer to your customers, such as Net 30 days and Net 60 days. You set up payment terms so that they are available in your Siebel application, for example in the Quotes screen.

To set up a payment term

1. Navigate to the Administration - Data screen > Orders > Payment Terms view.
2. Create a new record and complete the necessary fields.

   Some fields are described in the following table.

   Field	Comments
   Payment Term	Enter a name for the payment term, such as Net 30.
   Net Days	If the payment term requires payment in a specific number of days after the order date, enter the number of days. Optional.
   Description	Enter a description of the payment term. Optional.
   Discount	If there is a discount for early payment, enter the amount of the discount. Optional.
   Discount Days	If there is a discount for early payment, enter the number of days within which a customer must pay to qualify for the discount. Optional.
   Due	If there is a specific due date for payment, enter the due date. Optional.
   Integration ID	Users should not modify this system field. It is a cross-reference that links the Siebel application to corresponding payment term information in the back-office application.