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Payment Term Group
Getting Started > Setting Up a New Company > Company Setup > Settlement Terms > Payment Term Group

Glossary Item Box

 

Introduction About:

Payment Term Group is used to group like payment terms for a particular class of customers e.g. a group of payment terms for payment terms such as credit cards.

 

Note:

When in the Payment Term Group screen of the New Company Wizard, you will find a default payment term group. You can modify or add to the payment term group based on the needs of your company.


 

Terminology Steps:

Create a Payment Term Group

  1. From the Payment Term Group screen of the New Company Wizard, click on the New button. Or, from the System Manager module, select Payment Term Group under the Maintain menu. The Payment Term Group setup form will display.
  2. Specify the Payment Term Group Code e.g. NET Terms.
  3. Check the Active checkbox to include the Payment Term Group in the pulldown lists.
  4. In the Existing Payment Term list, select the payment terms to group. Click on the > button to move the selected payment term to the Selected Payment Term list. Use >> to move all.
  5. Save the details before closing the Payment Term Group setup form. 

 

How To How To:

ShowMaintain Payment Term Group

 

  1. Go to the System Manager module.
  2. Select Payment Term Group under the Maintain menu to display the Payment Term Group setup form.
  3. Edit the details as necessary and save before closing.

 

ShowDelete a Payment Term Group

 

Note that only payment term groups that has not been assigned to any class template or used in any transaction can be deleted.

  1. From the Payment Term Group setup form, select the Payment Term Group to delete.
  2. Click on the Delete option in the toolbar menu.
  3. Choose Yes in the prompt to delete.

 

 

 

Next Steps Next Steps:

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