Payment terms

This menu options allows you to add, change or delete payment terms. Payment terms are used in Receivables and Payables.

To add a new Payment term

1. From Admin menu, click System Codes, Payments, and then Payment terms. Payment Term Search page appears. All Payment terms available in Aura appear on the page.

2. Click Add. New Payment Term -- General (1/2) page appears.

3. Enter Description for the Payment term. For example, Net

4. Enter # of days (number of days) used to calculate the due date. For example, 20

5. Click Next. New Payment Term -- Confirmation (2/2) page appears.

6. Click Finish. Payment Term page appears displaying the details of the payment term you added.

Functions: Add, Edit, Delete, Search

To Edit Payment term

1. Click Edit. Edit Payment Term page appears.

2. Make required changes and click Save.

Functions: Edit, Delete

Delete: You can delete a Payment term by clicking on Delete button. When you click on Delete button, Aura displays an alert message. On confirmation, Aura will delete the Payment term. A Payment term can be deleted until it is in use.