WILLIAMS COMMON FEATURES 11/09/92
DSP01 CREDIT TERMS MAINTENANCE ADD
Credit Term BA Description 5 PAYMENTS AT EOM
Total Number of Installments 5 Net Days/Date 0
Discount Percent .00 Net End of Month N
Day/Date Qualifier 1 Delay Days 2
Discount Days/Date 0 Default Payment Type
Discount End of Month N Installment Shift 10
From Date of Code 1
Accumulated Installments 5 100.00 Renumber by: 0
Seq Num Inst Pmt Type Days Percent
10 1 CK 30 50.00
20 2 CK 30 25.00
30 2 CK 30 25.00
40 0 0 .00
50 0 0 .00
60 0 0 .00
F2=Command F3=Exit F4=Prompt F10=Function Select
F18=Renumber F22=End Tran
The Credit Terms Maintenance Detail screen allows you to maintain the detail information associated with a credit terms code. You may define installments for a credit terms code on this screen. However, if you define installments, you may not specify values for the Discount Percent, Discount Days, Due Days, and After End of Month fields. Also, the Total Number of Installments field must be greater than one.
CREDIT TERM CODE
Display only. This is the two-byte code identifying the credit term that you are maintaining.
DESCRIPTION
Required. This field is a twenty-byte description of the credit term code, and cannot be blank. You should enter a description to identify the credit term.
TOTAL NUMBER OF INSTALLMENTS
Required. This field must contain the number of installments you wish to define for the credit term. If you are not defining installments for the credit term, the value must be zero. If you are defining installments, the number must be greater than one.
NET DAYS/DATE
Required. You may specify either the net number of days or the net date used to calculate the payment due date. If the value of the Day/Date Qualifier field is 1, enter the number of days to be used to calculate the due date. If the value of the Day/Date Qualifier is 2, enter the date to be used when calculating the due date.
This field must be zero if you define installments for the credit term.
DISCOUNT PERCENT
Optional. This percentage is used to determine the discount amount. The total of all open amounts subject to discount is multiplied by this percentage to determine the discount amount.
This field must be zero if you define installments for the credit term.
NET END OF MONTH
Required. You may specify whether the payment due date is calculated from the end of the current month or the beginning of the current month. Valid values are:
Y - calculate due date from end of current month.
N - calculate due date from beginning of current month.
This field must be N if installments are defined for the credit term.
DAY/DATE QUALIFIER
Required. You may specify whether the discount and payment due dates will be calculated by interpreting the Net Days/Date and Discount Days/Date as elapsed days or dates. Must be either 1 (days) or 2 (date).
This field must be 1 (days) if you define installments for the credit term.
DELAY DAYS
Required. You may specify a number of days in this field that will be added to the due date to determine when the payment will be made.
DISCOUNT DAYS/DATE
Optional. You may enter either the number of days or the last date during which a discount may be taken depending on the value of the Day/Date Qualifier field. If the Day/Date Qualifier is 1, enter the number of days during which a discount may be taken. If the Day/Date Qualifier is 2, enter the last date before which a discount may be taken.
If the discount percentage for the credit terms is zero, it is suggested that you set the discount days/date equal to the net days/date.
This field must be zero if you define installments for the credit term.
DEFAULT PAYMENT TYPE
Optional. You may specify the default payment type code that will be used on all purchasing and invoice entry documents that use this payment term. If you are defining installments, this field will be used as the default payment type for each installment.
DISCOUNT END OF MONTH
Required. You may specify whether the discount date is calculated from the end of the current month or the beginning of the current month. Valid values are:
Y - calculate from the end of the current month.
N - calculate from the beginning of the current month.
This field must be N if installments are defined for the credit term.
INSTALLMENT SHIFT
Optional. You may enter a two-digit number of the day of the month on which you want the installment to be due. For example, if you want all installments due on the tenth of each month, enter '10' in this field. This field must be blank if you are NOT defining installments for the credit term.
FROM DATE OF CODE
Required. You may specify whether the calculations of the due date and discount date are based on the accounting date or the vendor invoice date. Valid values are:
1- Accounting date
2 - Document date
3 - Merchandise receipt date
Enter a 1 to use the accounting date or a 2 to use the vendor invoice date. An FDO code of 3 may be set up when creating credit terms, however, only purchasing will allow the use of a credit term with an FDO code of 3. It will not be valid for Accounts Payable applications.
ACCUMULATED INSTALLMENTS
Display only. This field displays the total number of installments defined for each sequence number in the credit term. The number of Accumulated Installments must equal the Total Number of Installments specified in the header section of this screen.
The total percentage defined for each sequence number is also displayed next to the accumulated installments. When installments are defined, the total percentage must equal 100.
RENUMBER BY
Optional. You may enter a number in this field to be used as a multiplier for renumbering the sequence numbers in the subfile. For instance, a 20 entered in this field would renumber each sequence line by 20 beginning with 20 as the first sequence number. The sequence numbers are updated when the transaction is ended.
SEQUENCE NUMBER
Optional. Use this field to sequence the order of the detailed installment lines defined for the credit term. If left blank, this field will be numbered based on the value in the Renumber By field.
NUMBER OF INSTALLMENTS IN GROUP
Required (if defining installments on the line). Enter the number of installments to be defined using the payment type, days, and percent specified on the detail line.
PAYMENT TYPE
Optional. You may enter a payment type for the installments in this field. If you do not enter a payment type, the default payment type from the header will be used. If the default payment type was not defined, the field will remain blank. Payment types are defined on Reference File category 240.
DAYS
Optional (defaults to zero). You may enter the number of days between each installment.
PERCENT
Required. Enter the percentage of the total invoice to be paid by the installments created from this detail line. The total percentage for all of the detail lines must equal 100.
COMMAND KEYS
Enter - Process data entered on the screen.
F2 - Display a window where a fast path option or mnemonic can be entered. Fast path allows the next menu selection to be made directly from this screen. When the window is displayed, pressing F3 will remove it.
F3 - Exit program without processing the entered data.
F4 - Display a list of values for the field where the cursor is positioned. If you select one of the items from the list, it will be returned to the application screen.
F10 - Return to the Function Select screen without processing the entered data.
F18 - Renumber the subfile records by the amount specified in the Renumber By field.
F22 - Post the transaction.
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