Title

Description

Active Indicator

Select the check box if the payment term type is active. Clear the check box to inactivate the existing payment terms code.

Discount Due Number

Required. Enter a number that reflects either the number of days or the date (day of the month) by which payment must be made to qualify for the discount percentage.

Discount Due Type Description

Required. Select Days or Date to indicate whether the number entered in the Vendor Discount Due Number field is a number of days or a date (defined here as a specific day of the month).

Net Due Number

Required. Enter a number that reflects either the number of days or the date (day of the month) by which payment net is due.

Net Due Type Description

Required. Select Days or Date to indicate whether the number entered in the Vendor Net Due Number field is a number of days or a date (defined here as a specific day of the month).

Payment Terms Code

Required. Enter the code used to identify this payment terms type.

Payment Terms Description

Required. Enter the familiar title of the payment terms.

Payment Terms Percent

Required. Enter the percentage discount to be applied if the payment is made by the discount date.