Invoice Entry � Terms Tab

Use this tab to:

• Specify the terms for the invoice, if they are different from those specified in the vendor record.
• Edit multiple payment schedules that are calculated for invoices.
• Override the discount base or discount amount calculated for an invoice.

A payment schedule is created only if the invoice terms code uses the Multiple Payment Schedule option.

For information on a different Invoice Entry tab, click the corresponding link:

 

Document	Taxes	Retainage
Optional Fields	Rates	Totals

Click the links below for additional help on using the corresponding buttons:

 

Add/Save

Delete

Prepayment

Close

Multiple payment schedule

Accounts Payable adds a Payment Schedule to the Terms tab if you assign a terms code that uses a multiple payment schedule (for a number of payments over a period of time � such as six monthly payments).

The payment schedule divides the invoice total into the number of payments specified by the terms code. Each payment has its own due date, payment amount, and discount period, which is displayed on the Terms tab of the Invoice Entry form. If you want, you can change any dates on the schedule, as well as decrease the number of payments (by making later payments blank).

You can use multiple payment schedules with Intercompany Transactions.

You can print payment schedules on batch listings if you select the Show Schedules option when printing listings of invoice batches from the Batch Listing form.

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