Module : Inventory 

Topic : Payment Terms List 

Version(s) : Version 5.1 and up  

Editions : Commerce & Call Center Editions 

Navigate to Company Data>Inventory>Payment Terms List.  The payment terms displayed here are then associated to designated  suppliers  in order to have  purchase orders  generated for inventory, and identify the type of payment agreed upon between vendors. This part of the inventory module is only applicable when intending to create PO's in OrderLogix, and the payment terms can be associated to multiple suppliers. Once a payment term is attached to a supplier, when you create a purchase order and select that supplier only the payment terms associated will display in the drop down menu.

• Click the    'Add new button' to add a new Payment Term. The Payment Term Edit window will open up:
  

1. Select the " client " that the payment term should be associated to, if it's specific to only one or you can leave it defaulted to "none" if it applies to multiple clients.
   
2. Enter a code (or name) for the payment term that will be applicable when associating it through other inventory module areas.
   
3. Enter a description for the term of payment that will display in the main list page.
   
4. Enter the number of days when the payment is due.
   

• • To Save the current payment term and close the edit window, click the   save button.
    
  • To Cancel current changes to the payment term and close the edit window without saving, click the   cancel button.
    
  • To Delete the current payment term, click the   delete button.
    
  • To Print the payment term, click the   print button.