This will open the Terms Tab option on the setup form.
The Terms of an account are put in the program for informational purposes only and are printed on Statements, POS Receipts and Invoices.
- 'Terms' are the payment terms that you negotiate with each charge account customer.
- For Instance, 'Net 30 Days' means that your customers have 30 days to pay for each invoice charged to them at the time of issue of the Statement.
- 'Terms' are attached to a customer using the Customers/Customer Maintenance form.
- The 'Terms' of the account are also shown on the receipt on the POS (eStream POS Sytems only).
- Please note that setting the description to 'COD' has no special function
and is shown as information only on the Charge Receipts.
Customers set to this status will still be allowed to charge items, for later Cash On Delivery for instance. - The default 'COD 'description can be edited to reflect another Type if required.
- To select a Terms to edit, click on it's record on the left hand side of the form.
- Click on the 'Save' button to Save the record.
- To add a new record, click on the 'New' button and fill in the description.
Click 'Save' to save the new record.
- To remove a Terms record, click on the 'Delete' button.
If the parent Terms contains any 'child' customers, the operation will not be allowed.
Here is an explanation of the columns (field names) in the table.
- Term Description - Use a description that can appear on a Statement or Invoice. e.g. 'Net 30 Days Credit'
- Days in Term - Give the numeric amount of days in the payment term. For the above example it would be the number 30.
- To remove a Terms record, click on the 'Delete' button.