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Vendor Terms - List |
  
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Vendor Terms - List |
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Each vendor has a preferred method of payment and a set number of days until payment is due.
This table maintains the entire list of payment methods. From the Vendor Account, you may select one for the vendor as needed. These terms are used by Accounts Payable to help you determine your payment schedule.
-- Listed Fields --
Description - A brief explanation of the item.
Due Days - Number of days until an invoice is considered past due.
Discount % - The percentage to be taken off the invoice charges if paid within a discount grace period.
Discount Days - Number of days after the date of the invoice during which a Discount will be acceptable.
Post To AP - (Recommended = Yes, even for COD transactions) Report the charges to the Accounts Payable list in POSitive.
How To Add/Edit Vendor Terms
See Vendor Terms