Default A/R Payment Terms (D83)
Purpose: Use this screen to define a payment terms code to assign automatically to new bill-to customers created through Order Entry, Order Maintenance or Work with Bill-to Customers.
Code field: Enter the payment terms code to assign automatically to new bill-to customers. Terms codes define when payment is due, any possible discounts that may be taken, and the conditions for applying them. When you create a new bill-to customer through the Work with Bill-to Customer function, the default terms code displays in the Terms field, where you can override it. When you create a new bill-to customer through Order Entry or Order Maintenance, the terms assignment happens behind the scenes; however, you can use the Work with Bill-to Customers function afterward to override the default value.
The system creates new bill-to customers automatically in Order Entry when you use an A/R payment type (pay category A/R) if the Create/Assign Bill To Customers in Order Entry (A76) system control value is selected.
The terms code, which is defined in and validated against the Terms table, is a 2-position numeric code.
Leave this field blank if you do not want to assign a terms code automatically to new customers.
Note: Terms codes are defined in the Terms Code table as applying to A/R (R), A/P (P), or both (B). Only terms codes that apply to either A/R or both A/R and A/P are valid entries in this field.
For more information:
• Creating and Updating Bill-to Customers (WCBT).
