Setting-Up Payment Term Defaults for Customers

When a customer is defined, you can specify a payment term code to be used as the default when an invoice is created for the customer. To set-up the payment terms default, perform the following steps:

1. Select the option for Customer Master Maintenance from the Accounts Receivable Menu to display the Customer Master Maintenance - Function Select Screen. Enter the company/location and customer number.

2. If the customer already exists, enter the maintenance code to Change Billing Information and press Enter; otherwise, enter the maintenance code to add or copy a new customer.

3. On the Customer Master Maintenance - Billing Information Screen, enter the default payment term for the customer in the Payment Terms field. The figure below shows a sample Billing Information Screen.

 WILLIAMS                 CUSTOMER MASTER MAINTENANCE                   6/03/94

 DSP01                        BILLING INFORMATION                        DETAIL

                                                                             

 Customer          AC            ANDERSEN CONSULTING                         

 Corporate Cust                  Cust Type      HO   HOME CUSTOMER           

 Paid-by Cust      AC            Cust Class     001  STANDARD                

 Related Vendor                  SIC                                         

 Allow Discounts Flag        Y   Recv Entity                                 

 Allow Partial Payments Flag Y   Payment Terms  P2   15.000 % 015  NET 020   

 Allow Underpayments Flag    Y   Payment Type   CK   CHECK                   

 Allow Transactions Flag     Y   Fin Charge                                  

 Stmt Type-Open Item Flag    Y   Form Types     IN  1   DC  1   DC  1   CA  1

 Prt Dunning Message Flag    Y   Statement Cycle             0               

 Validate PO Number Flag     Y   Default A/R Code           A1                

 Consolidate Invoice Flag    N   Default Bank Code          B1               

 Home/Export Flag            H   Invoice Document Format    P                

 Bill-to/Ship-to Rel Req     N   Invoice Release Code       I                

 S/M Currency Option         S                                               

 Currency Code             USD                                               

                                                                             

                                                                              

 F2=Command          F3=Exit             F4=Prompt           F9=Inquiry      

 F10=Function Select F15=Rekey Data

Customer Master Maintenance - Billing Information Screen

Note: Although you must enter a payment term default, you can override the default value at invoice entry time.