You have learned that payment options in Dynamics 365 Finance are flexible, to accommodate different business processes. For instance, you can define terms based on the number of months and/or days, based on a current period (for example, current month or current quarter), and with or without additional months or days.

You can set up and use payment schedules based on many factors, including percentage allocation of the actual invoice amount, allocation based on a fixed number of installments, and combined amounts and percentages of the invoice amount.

Finance manages the cash discount with or without sales tax to comply with the tax legislation in various countries or regions. You also can group vendors to categorize information so that it is meaningful. By grouping vendors, you can set up automatic posting rules for vendor transactions to ensure that the transactions affect the correct accounts.

Finally, with vendor groups, you become aware of situations and trends more quickly by grouping vendors with a common identifier to view and analyze financial causes in more detail. For example, you can group vendors by the kinds of products that you purchase from them or by the dollar volume of purchases.