Define Receivables Payment Terms

Use payment terms to identify due dates and discount dates on your customer transactions.

1. In your implementation project, navigate to Define Subscriptions > Define Customer Billing Configuration for Subscription Management and open the Manage Receivables Payment Terms task.

2. Click Create.

3. Select the payment term set.

4. Enter the name of your payment set.

5. Select the discount basis and effective date.

6. Select the installment option.

7. Enter the base amount.

8. Enter payment schedule and the discount for each payment schedule.