Payment Terms Code Field, Vendor Table

  • Article

Specifies a code that indicates the payment terms that the vendor usually requires. The payment terms code you define in this field is inserted on purchase invoices for the vendor.

A payment terms code stands for a formula that calculates the due date, payment discount date and payment discount percent. When a code has been entered on the vendor card, the program will enter the appropriate payment terms when you register an invoice from the vendor.

Tip

For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.

Parent Tables

Table Location
Application Method Field, Vendor Table Purchases and Payables
Vendor Table Purchases and Payables
Vendor Table Purchases and Payables

See Also

Reference

Vendor Card
Payment Terms
Payment Terms Code

Other Resources

Small Business Role Center