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Function Select

RF323S01 - Function Select

WILLIAMS                       COMMON FEATURES                        11/16/92

 DSP01                    REFERENCE FILE CATEGORY 323           FUNCTION SELECT

                                                                                

                                                                               

                   Category Name             PAYMENT TERMS                     

                                                                               

                                                                               

                                        PAYMENT TERMS CODE                     

                   Category Key         BC                                      

                                        XX                                     

                                                                               

                                                                               

                   Request Code         4                                      

                                                                               

                                        1 - Add                                

                                        2 - Change                             

                                        3 - Delete                             

                                        4 - Inquire                            

                                                                               

                                                                               

                                                                               

 F2=Command          F3=Exit             F7=End Category     F8=Display List   

 F9=Inquiry                                                                    

                                                                               

 

 

The Payment Terms category contains the user-defined payment terms codes.  Each payment terms code relates to information used to calculate the discount date, the discount amount, the due date, and the number of installments (if desired).  This is not a required category.  If no records are created for this category, discount amounts, discount dates, and due dates must be entered on system screens.

You may only inquire upon payment terms through this category.  Any payment terms maintenance must be performed through the Payment Terms Maintenance conversation.

PAYMENT TERMS

Required.  Enter the payment terms code that you wish to inquire upon.

Detail

RF323S02 - Detail

 WILLIAMS                       COMMON FEATURES                        11/16/92

 DSP01                    REFERENCE FILE CATEGORY 323                   INQUIRE

                                                                                

                   Category Name             PAYMENT TERMS                     

                                                                               

                                        PAYMENT TERMS CODE                     

                   Category Key         BC                                     

                                                                               

                                                                                

            DISCOUNT PERCENT     DISCOUNT DAYS           DUE DAYS              

       Data 00000                000                        000                

            DDDDD                NNN                        NNN                

                                                                               

            AFTER EOM            PMT TYPE         NUMBER OF INSTALLMENTS       

       Data     N                CK                         005                 

                Y                XX                         NNN                

                                                                               

            INSTALLMENT SHIFT    PAYMENT TERMS DESC                            

       Data     M                5 PAYMENTS AT EOM                             

                X                TTTTTTTTTTTTTTTTTTTT                          

                                                                               

 F2=Command          F3=Exit             F9=Inquiry          F10=Function Select

                                                                               

                                                                               

 

 

The Payment Terms Code Detail screen shows the detail information associated with a credit terms code.  You may not change any information on this screen.  If you wish to maintain the payment terms code definition, you must used the Payment Terms Maintenance conversation.

DISCOUNT PERCENT

Display only.  This percentage is multiplied by the sum of all open distribution amounts identified as being subject to discounts in order to determine the discount amount (eg. 02000 = 2%).

DISCOUNT DAYS

Display only.  Contains the number of days beyond the invoice date during which a discount can be taken.

DUE DAYS

Display only.  Contains a number of days used to calculate when the payment is due.

AFTER END OF MONTH FLAG

Display only.  Contains a flag specifying when a payment is due.  Valid entries are:

Y - The payment is due the following month on the date specified in due days.  For example, if due days is 15 and the flag is set to yes, the payment is due on the 15th of the following month.

N - For the example given above, the payment is due 15 days after the document date if the flag is set to no.

PAYMENT TYPE

Display only.  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.

NUMBER OF INSTALLMENTS

Display only.  The number of installments defined for the payment term.  If installments are not defined for the payment term, the value must be zero.  If installments are defined, the number must be greater than one.

INSTALLMENT SHIFT

Display only.  This field displays the number corresponding to the day of the month on which the installment will be due.  For example, if each installment were to be due on the tenth of each month, a '10' would be displayed in this field.  This field will be blank if the payment term does not contain installments.

PAYMENT TERMS DESCRIPTION

Display only.  This twenty character field is used to provide a meaningful description for the payment terms code.