Create New Payment Terms

To set up new payment terms

  1. On the Codejig ERP Main menu, go to the Banking module, and then select Payment terms.
A listing page of the Payment terms directory opens.

  1. On the listing page, click + Add new.
You are taken to a page for defining payment terms.

  1. Provide a name and net terms for payment terms.
Note: It is required to enter a name and net terms for payment terms. Otherwise, you will not be able to save them.
  1. Activate terms if necessary.
  1. Click Save.
Note: To be able to save new terms of payment, you have to fill in the required fields which are marked with an asterisk (*).
Newly created terms of payment appear as a table entry on the listing page. Now, if activated, they can be selected as payment terms for sales and purchase documents.

The page for defining new payment terms consists of the General area and Discount terms sections.

More information
Payment Terms: General Area
Payment Terms: Discount Terms Tab