4 Terms - Revision history

Simon Clive at 03:13, 8 August 2011

2011-08-08T03:13:57Z

Simon Clive at 03:12, 8 August 2011

2011-08-08T03:12:07Z

Simon Clive at 03:08, 8 August 2011

2011-08-08T03:08:55Z

Simon Clive: Created page with "New Terms Can you create New Terms and also create the definition of the term? Select General Tab You can also create a new Term by selecting Terms from the Accounts Menu on t..."

2011-06-29T00:28:36Z

Created page with "New Terms Can you create New Terms and also create the definition of the term? Select General Tab You can also create a new Term by selecting Terms from the Accounts Menu on t..."

New page

New Terms

Can you create New Terms and also create the definition of the term?

Select General Tab
You can also create a new Term by selecting Terms from the Accounts Menu on the Top Tool Bar.
Select Terms List
Select New tab at the bottom of the screen

In the Term window you can start by entering the Name and a Description for the Term in the

In the Number of Days after Invoice Date field, enter the number of Days after the Invoice date that the Invoice will be due,
e.g. 21 Days.

If you would like the Invoice to be due at the end of the current month regardless of the invoice date, tick the first EOM tick
box and make sure the Days field is empty.

If you would like the Invoice to be due on a certain date in the next month, you would need to tick the first EOM tick box and
enter the number of days in the Days field, e.g. enter 20 days for invoices to be due on the 20th day of the following month.

Note that both the Days fields will be populated with the same value, please make sure neither of these are removed.

If you would like the Invoice to be due at the end of the next month regardless of the invoice date, tick both the first and second
EOM tick box's and make sure the Days fields are empty. (Default Term)

If you would like the Invoice to be due on a certain date after the next month, you would need to tick the first and second EOM
tick boxes and enter the number of days in the Days field, e.g. enter 20 Days for invoices to be due on the 20th day of the 2nd
month following the invoice date. i.e. Invoice dated 10th Oct would be due on the 20th December.

Enter a % discount into the Early Payment Discount (%) field if you wish to offer your Customers a discount for early payment,
e.g. A 5% discount will be available to all Customers on a 21 Day Term that pay before the due date. Refer to Payments for further
details on processing.

Selecting the New Term button at the bottom of the Term screen will save the Term you have just created and open a new Term
screen ready to create another term.

The Active tick box is automatically ticked upon creating a new term. If you wish to de-activate a term, simply open the relevant
term and un-tick the Active box.

Do you know how to view the List of existing Terms within ERP?

Select the General tab
Select Terms List
This brings up the list of terms

How does the terms effect the aging of Invoices, Purchase Orders and Statements?

Depending on the customer terms, the ageing date will appear on the statements accordingly and will show what is payable in the
Days outside Trading Terms. ie. 1-30, 30-60, 60-90, >90 days

@@ Line 18: / Line 18: @@
 *The '''Active''' check box is automatically ticked upon creating a new term and can be un ticked to make a Term Inactive.
 How does the '''Terms''' effect the aging of '''Invoices''', '''Purchase Orders''' and '''Statements?'''
-Depending on the customer terms, the ageing date will appear on the statements accordingly and will show what is payable in the Days outside Trading Terms. ie. 1-30, 30-60, 60-90, &gt;90 days
+Depending on the customer '''Terms''', the ageing date will appear on the statements accordingly and will show what is payable in the '''Days''' outside '''Trading Terms.''' 1-30, 30-60, 60-90, &gt;90 days etc

@@ Line 2: / Line 2: @@
 *Select the '''General''' Module and select '''Terms List'''
 *Select '''New''' button at the bottom of the screen
 *You can also create a new '''Term''' by selecting Terms from the '''General''' Menu on the '''Top Tool Bar'''. <br>
 *In the '''Term''' window you can start by entering the'''Name''' and a '''Description''' for the Term.
 *In the '''Number of Days after Invoice Date''' field, enter the number of '''Days''' after the Invoice date that the Invoice will be due '''E.g.&nbsp; 21 Days.'''
 *If you would like the '''Invoice''' to be due at the '''end of the current month''' regardless of the invoice date, tick the first '''EOM''' tick box and make sure the '''Days''' field is empty.
@@ Line 11: / Line 11: @@
 '''N.B.''' both the '''Days''' fields will be populated with the same value, please make sure neither of these are removed.
 *If you would like the '''Invoice''' to be due at the '''end of the next month''' regardless of the invoice date, tick both the first and second '''EOM''' tick box's and make sure the '''Days''' fields are empty.
 *If you would like the '''Invoice''' to be due on a '''certain date after the next month''', you would need to tick the first and second '''EOM''' tick boxes and enter the number of days in the '''Days''' field&nbsp;
 *'''E.g.''' enter '''20 Days''' for invoices to be due on the '''20th Day''' of the '''2nd Month''' following the invoice date this would mean an '''Invoice''' dated 10th Oct would be due on the 20th December.
 *Enter a&nbsp;% discount into the '''Early Payment Discount (%)''' field if you wish to offer your Customers a discount for early payment, '''E.g.''' A 5% discount will be available to all Customers on a 21 Day Term that pay before the due date. <br>
 *Selecting the '''New''' Term button at the bottom of the '''Term''' screen will save the Term you have just created and open a new Term screen ready to create another term.
 *The '''Active''' check box is automatically ticked upon creating a new term and can be un ticked to make a Term Inactive.
-Do you know how to view the List of existing Terms within ERP?
+How does the '''Terms''' effect the aging of '''Invoices''', '''Purchase Orders''' and '''Statements?'''
-−
-Select the General tab Select Terms List This brings up the list of terms
-−
-How does the terms effect the aging of Invoices, Purchase Orders and Statements?
 Depending on the customer terms, the ageing date will appear on the statements accordingly and will show what is payable in the Days outside Trading Terms. ie. 1-30, 30-60, 60-90, &gt;90 days

@@ Line 1: / Line 1: @@
-New Terms
+Can you create '''New Terms''' and also create the definition of the term?
-Can you create New Terms and also create the definition of the term?
+*Select the '''General''' Module and select '''Terms List'''
-Select General Tab
+'''N.B.''' both the '''Days''' fields will be populated with the same value, please make sure neither of these are removed.
-You can also create a new Term by selecting Terms from the Accounts Menu on the Top Tool Bar.
-Select Terms List
-Select New tab at the bottom of the screen
-In the Term window you can start by entering the Name and a Description for the Term in the
+*If you would like the '''Invoice''' to be due at the '''end of the next month''' regardless of the invoice date, tick both the first and second '''EOM''' tick box's and make sure the '''Days''' fields are empty.
-In the Number of Days after Invoice Date field, enter the number of Days after the Invoice date that the Invoice will be due,
+Do you know how to view the List of existing Terms within ERP?
-	e.g. 21 Days.
-If you would like the Invoice to be due at the end of the current month regardless of the invoice date, tick the first EOM tick
+Select the General tab Select Terms List This brings up the list of terms
-	box and make sure the Days field is empty.
-If you would like the Invoice to be due on a certain date in the next month, you would need to tick the first EOM tick box and
+How does the terms effect the aging of Invoices, Purchase Orders and Statements?
-	enter the number of days in the Days field, e.g. enter 20 days for invoices to be due on the 20th day of the following month.
-Note that both the Days fields will be populated with the same value, please make sure neither of these are removed.
+Depending on the customer terms, the ageing date will appear on the statements accordingly and will show what is payable in the Days outside Trading Terms. ie. 1-30, 30-60, 60-90, &gt;90 days
-−
-If you would like the Invoice to be due at the end of the next month regardless of the invoice date, tick both the first and second
-	EOM tick box's and make sure the Days fields are empty. (Default Term)
-−
-If you would like the Invoice to be due on a certain date after the next month, you would need to tick the first and second EOM
-	 tick boxes and enter the number of days in the Days field, e.g. enter 20 Days for invoices to be due on the 20th day of the 2nd
-	month following the invoice date. i.e. Invoice dated 10th Oct would be due on the 20th December.
-−
-Enter a % discount into the Early Payment Discount (%) field if you wish to offer your Customers a discount for early payment,
-	e.g. A 5% discount will be available to all Customers on a 21 Day Term that pay before the due date. Refer to Payments for further
-	details on processing.
-−
-Selecting the New Term button at the bottom of the Term screen will save the Term you have just created and open a new Term
-	screen ready to create another term.
-−
-The Active tick box is automatically ticked upon creating a new term. If you wish to de-activate a term, simply open the relevant
-	term and un-tick the Active box.
-−
-−
-Do you know how to view the List of existing Terms within ERP?
-−
-Select the General tab
-Select Terms List
-This brings up the list of terms
-−
-How does the terms effect the aging of Invoices, Purchase Orders and Statements?
-−
 Depending on the customer terms, the ageing date will appear on the statements accordingly and will show what is payable in the
-	Days outside Trading Terms. ie. 1-30, 30-60, 60-90, >90 days