Delay Terms: General Area

The page for defining new delay terms consists only of the General area. It includes the following fields and options:
 

Field/Option

Used for

Name

Enter a name for delay terms.

  • It is a required field. If you do not provide a name for the delay terms, you will not be able to save them.

Delay penalty interest

Provide the percent amount of fee to be paid in case of delay when paying the invoice or purchase invoice (in percents).

#

Delay terms number (#) is assigned automatically when you save them based on the selected numerator.

Users with the appropriate permissions can override the auto-generated number and enter it manually.

After overriding the number, automated numbering will proceed in the same manner but using the manually set number as a start value.

Note

Add any notes or comments about delay terms if needed.

Inactive

Turn off the Inactive option if you want to activate delay terms to be able to select them from the lists for the Delay terms field in various documents and directories. Turn this option on, if you want to deactivate previously active delay terms. Or, while creating new terms, keep this option turned on to make it inactive.

Inactive units will not be available for selection or use and will be accessible only on the listing page of the Delay terms directory.
 
More information