Advanced Payment Term Codes

After you set up due date rules, you assign them to an advanced payment term code using the Advanced Payment Terms program (P00145). Advanced payment term codes are three-character alphanumeric values that identify the type of payment term. When you create advanced payment term codes, you can also specify the discount percent to use for the discount due-date rule that you assign. The system uses this discount percent unless you set up installment or multitiered discounts, in which case the system clears the value specified.