ALTUM

Granting terms for payment

Terms is granted in tab: Terms on the planned payment form by clicking [Add] in Terms buttons group.

Figure 37 Tab Terms on planned payment form.

Data defined in this tab is the following:

Terms [%] – discount percentage value, maximum 100%

Number of Days – number of days within which payment must be made for terms to be granted

Terms Expiration Date = payment creation date + number of days. This is the date by which payment must be made to be able to grant the terms. This date is calculated automatically after specifying the number of days. Instead of defining the number of days, it is possible to select terms expiry date. Number of days will be then calculated automatically by the system.

Planned due date is the date by which payment must be ultimately made. It is connected with payment form where the acceptable days of delay are specified. The planned due date can be changed directly on the payment sheet when being defined or edited until the payment is completed.

The values in the other columns included in this tab are calculated automatically by the system and they cannot be changed. These values are:

Terms Value – value of granted terms which equals: terms percentage value * payment value (document total value)

Amount to Be Paid – remaining amount after the payment value is corrected by the terms value 

Currency – currency symbol

After the requested information is completed, save the entered data by clicking the [Save] button in the Payment buttons group.