Term Codes

Menu Path:  Choose Billing & Receipts, then choose Reference Tables, then choose Miscellaneous Billing. Select Term Codes.

Term code records define various payment terms offered by your organization, such as net 30 or due upon receipt.

The system uses the Term Days to calculate an invoice's due date. You assign a term code to a customer when adding a record. When invoicing a customer, you can to change the term code if needed.

The List section displays the user who entered the term code, when it was entered, who last updated it, and when it was updated.

Add Term Codes

1. Click Add New.

2. Complete the fields:

   Term Code	Code identifying the term.
   Term Description	Description or title of the term.
   Term Days	The number of days in the term.

3. Click OK.

Update Term Codes

1. Enter criteria identifying the records to list, then click Find. To run an advanced search, click Advanced.
2. Select the desired record, then click OK.
3. Update fields as needed. You cannot update the Term Code field.
4. Click OK.

Delete Term Codes

1. Enter criteria identifying the records to list, then click Find. To run an advanced search, click Advanced.
2. Select the desired record, then click Delete.
3. Click Yes.

Generate Term Code Lists

1. Click Print.
2. Specify how you want to generate the report, then click OK. The report's default file name is mrterms.rpt.