Chapter 2. Master Code
Payment Terms Master File
To maintain the payment terms, select [Payment Terms] and follow the standard Directory Operating Procedure to edit a record.
Field Definitions
Payment The payment term in a three-letter code. For example, L/C, D/P,CHQ,COD.if the payment term is by letter of credit, enter L/C instead of LC Code The tenor of the payment terms. For example, at sight, 30 days, 30 days net 2%, etc. the code and the code extension form the payment terms code. It must be unique and there must be a space between the code and the extension.
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