Configure multiple-instalment payment terms

Before you start

You use the Payment terms window to define a particular set of payment terms.
For a set of payment terms, you can specify the payment as multiple instalments.

To configure payment terms as a single instalment, see Configure single-instalment payment terms.

1. Go to the Payment terms (CS206500) window.

   In the Terms ID field, type the identifier of the payment terms. The ID can have up to six characters.

2. In the Description field, type the description of the terms.

3. In the Visible to field, select an option for the visibility of these payment terms, that is, whether they are listed as available, so that you can select them:

   • All: You can assign the terms to both suppliers and customers.
   • Suppliers: You can only assign the terms to suppliers.
   • Customers: You can only assign the terms to customers.
   • Disabled: The terms are not available for either suppliers or customers.

4. Go to the Instalment settings section. In the Instalment type field, select Multiple.

5. In the Instalment method field, select the instalment method. It determines how the system calculates the instalment amounts.

6. Specify the instalment settings. Do one of the following:

   If you selected the Equal parts or VAT in first instalment method:

   1. In the Number of instalments field, type the number of instalments.
   2. In the Instalment frequency field, select the instalment frequency.
   If you selected the Split by percent in table method, do the following for each instalment:

   1. Click .
   2. In the Days column, type the number of days from the due date on which this instalment is due.
   3. In the Percent column, type the percent of the instalment.

7. Go to the Due day settings section. In the Due date type field, select the due date type.
   

8. Depending on the due date type you selected, specify the available values.

9. Click .