Payment terms in ACCOUNTING

Owned by Hauke Gulich
Last updated: Apr 17, 2024 by Bärbel Neitzel
1 min read

Contents

Basic data

Field descriptions

Field

Function

Field

Function

Payment term

Code for the payment term

Description

Name (max. 100 characters)

Settlement due in days

Calculation of the date based on the field Date from...

Date from ...

Specifies the field Settlement due in days.

 

Settlemet due: End of month

Checkbox

Terms of payment

X days to end of month

Collective incoming invoices

Please note that for collective incoming invoices the value date for option Settlement due in days can ONLY be determined from the invoice date.
→ The setting ets/eta or order date is ignored.

Separate payment term by mode

In the addresses you can record payment terms separated by mode → pls see Financial accounting sub tab in the Accounting tab in ADDRESSES.

→ If such an address is used in the outgoing invoicing, the field Payment term in the voucher header is pre-assigned accordingly.

If no payment term has been selected for a mode, the general entry of the payment term takes effect.

The payment terms are taken into consideration

  • in the outgoing invoicing,

  • airfreight CC invoice and

  • airfreight MHAWB invoice. 

Client separation for payment terms

Customers using the Clients tab can make this preallocation per client.

 The following options are available:                              

  • Seafreight export/import

  • Airfreight export/import

  • Transport

  • Warehouse

  • Road export/import/national/dispo

  • Rail national/international