Details
This section contains the details of the Payment term items, term modes, conditions of the Payment Term.
| Field name | Description |
| Term name | Displays the payment term name |
| Assebl amount | The assessable amount is displayed |
| Partial discount | Displays whether there is any Partial discount amount added |
| Due days | Displays the due days by which the payment needs to be made |
Payment term items
| Field name | Description |
| Term mode | Displays the term mode as Discount or Penalty. Discount is given for the payment terms within due days. Penalty is for the payment terms after the due days are completed |
| Due days | Displays the due days by which the payment needs to be made |
| Grace days | Displays the Grace days. A grace period is the period between the end of a billing cycle and the date of payment is due |
| Description | Displays comments or short notes about the Payment term |
Create Payment Term item
| Field name | Description |
| Term condition | The specific term condition title is given under “Specify term condition”. Ex. 30days, 10-15days etc. So, the system will automatically take as per the payment item. |
| Term mode | Select the term mode from the list.
Discount: User can give the discount for the payment terms within due days. Penalty: Users can give the penalty for the payment terms after the due days are completed. |
| Term type | Select the term type from the drop-down list based on the term mode.
Percent: Users can give percent based on invoice for payment terms. Fixed: Users can fix some amount for payment terms. |
| Discount/
Penalty |
Enter the value based on the term type |
| Due days | Enter the due days for the payment term |
| Grace days | Enter the grace days for the payment term after completion of the due days |
Activity Log
| Comments | Displays a short description about the Payment term or enter brief notes |
| ACTIVITY | |
| Audit | |
| Created Date | Displays the creation date of the Payment term |
| Created By | The name of the person who created the Payment term |
| Last Updated Date | The last stage changed of the Payment term |
| Last updated by | The name of the person who updated the stage |
| Status | The current status of the Payment term |
| Time-Line | This widget tracks all the activities within the app |