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Set up the
Terms Codes:
On the configuration menu
(from the main menu, press "C") select
"9" Terms Codes to set the terms you will
be using.
Selecting
this option displays the list of terms (if any) that have
been set up. Terms are important if you will be using the date
due field on invoices. If you won’t be doing any
invoice entry or aging, skip the terms codes. If you can
think of all the terms you will eventually need, don’t
worry about them now. Terms can be changed or added at any
time.
To add a new terms not
listed, type an "A" at the Terms List window.
The Terms Code form will be displayed to be edited.
Simply fill in the fields.
The Terms
field should be an abbreviated code that represents
the actual terms description. Like "N30" would
mean net 30 days.
The Description
field is a longer meaning for the actual terms code.
The Number
of Days field sets the actual number of days when the
invoice will be due. If you have a code "N30"
for net 30 days, the number should be set to
"30".
The Discount
Days sets the numbers of days when you can
automatically take a discount or give a discount. This
function works with the % Discount field.
The %
Discount field sets the percentage for taking
discounts.
The Type field sets
the terms to be either normal terms or prox terms. If you
want to set the terms code to a normal code, type an
"N". If want to have a terms code that specifies
a specific day of the month when a bill is due then type a
"P". If you are using prox terms, then the Number
of Days field represents the actual day of the next
month.
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