7.02 Choose an appropriate the terms type for the Terms in Maintain Terms...
Terms used to calculate the due date of individual documents based on the following terms type:
1. Due in number of days
- based on number of actual days.
- set the DAY only, eg. 30 days = 30, 45 days = 45, etc.
2. Due on specific day of the month
- based on specific day of that month document.
- have to set the DAY and MONTH.
- For example, invoice dated 31/05/2006 with 45 days terms (MONTH =1 and DAY = 15) , so the due date will be fall at 15/06/2006.
3. Due in the month end
- based on full month of the document date. In another words, after the month of the document date.
- have to set MONTH only, eg. 30 days = 1, 60 days = 2, etc.
- For example, invoice dated 30/05/2006 with 60 days terms, so the due date will be fall at 31/07/2006.