Vendor setup

Setup payment terms type group

Users can access the form by navigating to EDI > Setup > Vendor setup > Payment terms type group

Code identifying the type of payment terms.

• Click New to create a new record
• In the Name field, enter the name of the payment terms type group
• In the Description field, enter a description of the payment terms type group
• In the Mappings FastTab, select Add to create a new record
• Select the Terms of payment. Options are obtained from Terms of payment setup at Accounts payable > Setup > Payment setup > Terms of payment, examples:
  
  • COD
  • Month+15
  • Net30
• Specify the vendor’s value used to identify the EDI payment terms.

Where used

Payment terms type group is assigned on the Vendor Trading partner’s Options field called Payment terms type.
Used on field TermsTypeCode on EDI documents:

• Vendor purchase order
• Vendor purchase order change
• Purchase invoice

Data entities:

• Vendor EDI payment terms type group
• Vendor EDI payment terms type lines