Payment % Field, Payment Terms Table
Specifies the percentage of the transaction amount that is issued as an installment payment. The sum of the payment percentages must total 100.
For example, if you split a $1,000 invoice into two equal installment payments, the Payment % will be 50.
Additional Information
Payment terms specify the period that is allowed for a buyer to pay off the amount due from a purchase. When you post a purchase or sales invoice, the due date, discount date, and amount due is calculated based on the payment terms that have been assigned to the customer or vendor.
Tip
For more information on how to work with fields and columns, see Work with Data. For assistance in finding specific pages, see Search.
Parent Tables
| Table | Location |
|---|---|
| Payment Terms Table | Purchases and Payables |
| Payment Terms Table | Purchases and Payables |
See Also
Reference
Other Resources
How to: Set Up Payment Methods
How to: Assign Payment Methods to Vendors
Payment Terms