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Terms can be added on Standard, Date Driven or Specific Date tabs.
  1. Login as Admin user
  2. On the user’s menu panel go to Common Info folder
  3. Select and double click Terms menu

  4. Input details on the new blank row in Standard tab

    TermsA description name field used to describe the type of terms. An example might be "COD", "2% 10 Net 30" or "Company Check".
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the number of Discount Days. If you want your customer to get a 2% discount for paying within the Discount Days field then enter 2 in this field.
    Balance DueEnter the number of days that the payment must be received before it is considered late.
    Discount DaysEnter the number of days given to receive a discount for paying an invoice early in the Receivables or Payables screens.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Balance Due Days field. If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field. i21 will charge interest based on each month the customer is late when entering Receivables.
    Terms codeThis is the Origin terms code for integration and replication to AR terms in origin system.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.

  5. Go to Date Driven tab and input the details on the blank row

    TermsA description name field used to describe the type of term.  An example might be "2% 10th net 30th".
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the setup date.  For example, the terms is "2% 10th net 30th", if you want your customer to get a 2% discount for paying on or before the 10th of the month, then enter 2 in this field.
    Discount DayEnter the day where discount would be valid.  Allowed value in this field is 1 to 31 only, which represents calendar days.  For example, the terms is "2% 10th net 30th", if you want to set the discount day of your customer to be on the 10th of the month, then enter 10 in this field.  When the invoice is paid on or before the 10th of the month, then the customer gets to avail a 2% discount.
    Day of Month Due(Net due before the __ the day of the month) - is used to enter the day where payment must be received before it is considered late.  Allowed value in this field is 1 to 31 only, which represents calendar days.  For example, the terms is "2% 10th net 30th", if you want to set the due date of the invoice to be on the 30th of the month, enter 30 in this field.  When the invoice is not paid on or before the 30th of the month, there will be interest charged on that invoice.
    Due Next Month(Due next month if issued within __ days of the due date) - can be used to set the number of days from the Due Date, which will determine if the invoice is due next month.  If the invoice is issued within the set days, then the invoice is due next month. For example, if 15 is entered in this field, and terms is "2% 10th net 30th", when the invoice is issued within 15 days from the Due date, that invoice will be due next month.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Day of Month Due field.  If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field.  VisionCore will charge interest based on each month the customer is late when entering Receivables.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.

  6. Go to Specific Date's tab and input the details on the blank row

    TermsA description name field used to describe the type of term.  An example might be "2% 10th net 30th".
    Terms CodeThe terms id
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the setup date.  For example, the terms is "2% 10th net 30th", if you want your customer to get a 2% discount for paying on or before the 10th of the month, then enter 2 in this field.
    Discount dateEnter the full date mm/dd/yyyy when the discount expires.Gives the specific dates due for any bill with this terms selected. This is used for farmers that may have a harvest and the customer would like to make the invoices due after harvest. This is a pegged date not relative to when the invoice is entered - it is a specific date. If the user selects a specific due date then the due days should be disabled for that line.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Day of Month Due field.  If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field.  VisionCore will charge interest based on each month the customer is late when entering Receivables.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.
    Specific Due DateEnter the full date mm/dd/yyyy of the due date. Gives the specific dates due for any bill with this terms selected. This is used for farmers that may have a harvest and the customer would like to make the invoices due after harvest. This is a pegged date not relative to when the invoice is entered - it is a specific date. If the user selects a specific due date then the due days should be disabled for that line.
    Allow EFT for invoicesCheckbox used in the origin application.
  7. Click Savetoolbar button

 

  1. Login as Admin user
  2. On the user’s menu panel go to Common Info folder
  3. Select and double click Terms menu

  4. Input details on the new blank row in Standard tab

    TermsA description name field used to describe the type of terms. An example might be "COD", "2% 10 Net 30" or "Company Check".
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the number of Discount Days. If you want your customer to get a 2% discount for paying within the Discount Days field then enter 2 in this field.
    Balance DueEnter the number of days that the payment must be received before it is considered late.
    Discount DaysEnter the number of days given to receive a discount for paying an invoice early in the Receivables or Payables screens.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Balance Due Days field. If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field. i21 will charge interest based on each month the customer is late when entering Receivables.
    Terms codeThis is the Origin terms code for integration and replication to AR terms in origin system.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.

  5. Go to Date Driven tab and input the details on the blank row

    TermsA description name field used to describe the type of term.  An example might be "2% 10th net 30th".
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the setup date.  For example, the terms is "2% 10th net 30th", if you want your customer to get a 2% discount for paying on or before the 10th of the month, then enter 2 in this field.
    Discount DayEnter the day where discount would be valid.  Allowed value in this field is 1 to 31 only, which represents calendar days.  For example, the terms is "2% 10th net 30th", if you want to set the discount day of your customer to be on the 10th of the month, then enter 10 in this field.  When the invoice is paid on or before the 10th of the month, then the customer gets to avail a 2% discount.
    Day of Month Due(Net due before the __ the day of the month) - is used to enter the day where payment must be received before it is considered late.  Allowed value in this field is 1 to 31 only, which represents calendar days.  For example, the terms is "2% 10th net 30th", if you want to set the due date of the invoice to be on the 30th of the month, enter 30 in this field.  When the invoice is not paid on or before the 30th of the month, there will be interest charged on that invoice.
    Due Next Month(Due next month if issued within __ days of the due date) - can be used to set the number of days from the Due Date, which will determine if the invoice is due next month.  If the invoice is issued within the set days, then the invoice is due next month. For example, if 15 is entered in this field, and terms is "2% 10th net 30th", when the invoice is issued within 15 days from the Due date, that invoice will be due next month.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Day of Month Due field.  If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field.  VisionCore will charge interest based on each month the customer is late when entering Receivables.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.

  6. Go to Specific Date's tab and input the details on the blank row

    TermsA description name field used to describe the type of term.  An example might be "2% 10th net 30th".
    Terms CodeThe terms id
    Discount for Early PaymentEnter the actual discount percent given if the payment is made within the setup date.  For example, the terms is "2% 10th net 30th", if you want your customer to get a 2% discount for paying on or before the 10th of the month, then enter 2 in this field.
    Discount dateEnter the full date mm/dd/yyyy when the discount expires.Gives the specific dates due for any bill with this terms selected. This is used for farmers that may have a harvest and the customer would like to make the invoices due after harvest. This is a pegged date not relative to when the invoice is entered - it is a specific date. If the user selects a specific due date then the due days should be disabled for that line.
    APR for Late PaymentEnter a yearly percent if you want to charge a late fee when the payment is not received within the Day of Month Due field.  If you want to charge 2% each month on late charges then make sure you enter the yearly equivalent (APR) of 24% in this field.  VisionCore will charge interest based on each month the customer is late when entering Receivables.
    ActiveUsed to make a term active or inactive. When the active check box is deselected, the term will in effect be disabled and you will not be able to use it.
    Specific Due DateEnter the full date mm/dd/yyyy of the due date. Gives the specific dates due for any bill with this terms selected. This is used for farmers that may have a harvest and the customer would like to make the invoices due after harvest. This is a pegged date not relative to when the invoice is entered - it is a specific date. If the user selects a specific due date then the due days should be disabled for that line.
    Allow EFT for invoicesCheckbox used in the origin application.
  7. Click Save toolbar button
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