How to create a Payment Termin in Adempiere Retail
A Payment Term defines when a payment should be made for a sale or purchase. It sets the due date, number of days, and payment conditions agreed between the buyer and seller.
Who Can Access
- Back Office
- Purchaser
- Cashier
- Manager
- Admin
What User Can Do
- Create a New Payment Term
- Edit or Update Existing Terms
- Deactivate Terms
Pre-Requisite Activities
- Understand Company’s Billing and Collection Policy
- Discuss with Finance or Sales Teams
- Check Existing Payment Terms
- Ensure Access Rights
BUSINESS RULES
- Each Payment Term Must Have a Unique Name
- Due Days Must Be Numeric and Valid
- Inactive Payment Terms Cannot Be Assigned
- Only Authorised Users Can Create or Edit Terms
User Interface
Step 1 : To Select a Branch in Menu.Then to click a Payment Term.
Payment terms are the conditions and parameters of payment for an item or service, set by the seller for the customer. These will include such considerations as whether the payment can be made in installments, by credit or cash, if interest will be charged, and when payment must be completed.
Step 2 :Once to click a payment term then to click a new record option and to enter a values for Name.The name field is mandatory and to enter a Description & Net Days.
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