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Vendor terms table  

1. At the EMMS main menu, select Administration | Tables --> | Administration Tables | Material | Vendor | Terms.
   • The Display Order Terms screen appears.
2. Click Change .
   • The Edit Order Terms change screen appears.
3. Click Add .
   • The Edit Order Terms add screen appears.
4. Fill in the fieldsfields as required.

   Terms Code is a 6-character code identifying a set of special conditions considered when processing payables or purchase orders, e.g. N30 for net 30 days. These codes identify terms for payment, discount days, and percent discounts.

   Terms Description is a brief description of the payment terms.

   Net Days is the number of days from receipt of purchased goods until payment is due.

   Discount Days is the number of days during which a discount applies when processing payment, if applicable. If payment is made within this period, a discount percentage is applied and recoverable from the invoiced amount.

   Discount Percentage is the percent that is recoverable upon payment of invoice if that payment is received within the discount period.

5. Click Enter to save the terms.
6. Click Exit to return to the menu.

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