Payment

Select the Payment tab.

Discount Days

Enter the number of days after the invoice date that an invoice or voucher must be paid to receive the discount. The system adds the number of days that are specified to the invoice due date to calculate the discount due date.

Discount Percent

Enter the percent of the total invoice or voucher discount if it is paid within the discount period. You enter the discount percent as a decimal. For example, enter a 2 percent discount is 02.

Trade Discount

Enter the percentage by which the system reduces the price of each item. This is the only discount that the system applies. You can override it if you enter a price.

Enter the percentage as a whole number (for example, 5 for 5 percent).

Discount Factor

Enter the factor that the system applies to the unit price of an inventory item to determine the net price. The system retrieves this value from the inventory pricing rules if you have assigned a rule to this item. The pricing rule setup determines whether the system multiplies the unit price by this value or adds to or deducts from the unit price.

Discount Factor Type - Currency or Percent

On the Item Price Category Revisions form, a $indicates that the numeric type is an added amount, and a% indicates that the factor is a multiplier.

Cash Discount Percent

Enter a discount that is passed forward from the manufacturer or mill to the customer based upon the payment terms of the supplier. Enter 10 percent as 10.00.

Payment Terms

Enter a code that specifies the terms of payment, including the percentage of discount that is available if the invoice is paid by the discount due date. You define each type of payment term on the Payment Terms Revisions form. Examples of payment terms include:

Blank: Net 15

001: 1/10 net 30

002: 2/10 net 30

Payment Terms Override Flag

Select to indicate that the payment terms were manually entered or changed. Preferences do not override manually entered payment terms.

Net Days to Pay

Enter the number of days that the system adds to the invoice date to calculate the due date on the invoice or voucher.

If you are using split payment terms, the system uses the value from this field to calculate the due date for the first split pay item.

Based on Date

Enter a code that indicates how the system updated the Price Effective Date field in various Sales Order Management tables. You can enter the code manually, or the system can apply a preference. Values are:

Blank: No override or preference

0: Transaction or order date

1: Requested date

2: Promised ship date

3: Original ship date

4: Actual ship date

5: System date

6: Invoice date

7: Preferred date

O: Override date

Prox Date Day (proximate date day)

Enter the day that the voucher or invoice is due. The system uses this field with the value in the Proximate Month field (PXDX) to calculate the due date.

For example, if the proximate month is 1 and proximate day is 15, the system calculates the due date as the 15th of the next month.