Enter Payment Terms Discount

Explanation

Use this activity to enter information on the payment terms discount. If two (or even more) discount terms result in the same discount date, there should be only one discount line created for that installment, but the percentage should be the highest of the involved discount term lines and the amount will be calculated according to that higher percentage.

Prerequisites

This activity has the following prerequisites:

• The payment term must exist in Payment Terms in IFS/Accounting Rules.

System Effects

As a result of this activity:

• The payment terms discount can be used in IFS/Invoice and IFS/Payment.

Pages

Payment Term
Payment Terms

Activity Diagrams

BDR General Customer Invoice Information
Modify Payment Terms Information