How to add a terms record in Sage 300 Accounts Payable

Steps:

Open Accounts Payable>A/P Setup>Terms.
In the Terms Code field, enter the identifying code.
Press the Tab key, and then type a description for the terms code.
For the Calculate Base For Discount With Tax option, specify whether to include tax amounts in the invoice totals on which discount amounts are calculated.
- Select:
  - Included if you can take a discount on taxes.
  - Excluded if your vendors do not allow a discount on taxes or do not charge taxes.
If you want to allow payment by installments with this code, select the Multiple Payment Schedule option. Then select the due date type and enter information for each payment.
In the Due Date Type field, select the method by which you calculate invoice due dates.
- Select:
  - Days From Invoice Date if invoices are due in a specific number of days after the invoice date. Then type the number of days in the Number Of Days column that appears.
  - End of Next Month if invoices are due on the last day of the next month.
  - Day Of Next Month if invoices are due on a specific day in the next month. Then type the number (representing the due date) in the Day Of Month column.
  - Days From Day Of Next Month if invoices are due standard number of days after a specific day in the next month. Then type the number of days and the number that represents the day of the month.
  - Due Date Table if you use standard due dates for invoices entered within specified ranges of days. Then complete the table that appears.
In the Discount Type field, select the method you use to calculate the last day on which your vendors let you take a discount for prompt payment. If your vendors do not offer discounts, ignore the discount fields and columns.
- You select from options as described for Due Date Type, and then type discount percentages.
Click Add.

Support

If necessary, seek the assistance of Acute Data Systems to help provide assistance with this process.