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PAYMENT TERMS
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.