Vendor Terms Descriptions

System Maintenance Menu -> Configure System Settings -> Operations Tab -> General Settings -> Vendor Terms Descriptions

The Vendor Terms Descriptions are assigned in Vendor Information, and can be an unrestricted free-form description of the vendor's payment terms, or if the Valid Vendor Terms Required flag is set in the Company Miscellaneous Parameters the terms descriptions can be restricted to only the descriptions defined in this table.

Restricting the terms descriptions to a standardized text is useful to reduce data mismatch errors when data is being transferred to other software applications such as the Approval Plus processing which may not have import validation scripts in place for data being imported into their system.

An operator must be assigned a Security Role that allows permission to the Operations - Vendor Terms Descriptions in order to access this table.

Examples of terms descriptions could include:

30 Days
Due on 25th, 3% Discount on the 10th
5% Discount 15 Days, Net 30
Net 60

Topic Keyword: APVTM01 (6560)
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