Define Payment Terms For Procurement Contracts

Do this to define payment terms:

1. You may have already set up payment terms as part of a Procurement implementation. If you haven't set up yet, then, add this task to your implementation project. Navigate to Define Procurement Contracts Configurations and with that task list selected add the Manage Payment Terms task.

2. Open the Manage Payment Terms task and Select and Add your business unit if needed.

3. Click Create to create a simple payment term of NET 30.

4. Enter the required information and save your changes.