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TE01.1 - Inquiry
Use Inquiry (TE01.1) to view all terms codes defined in the Lawson Terms
application. To display a specific type of terms code only, choose the terms
code in the Type field. You can assign terms codes to transactions to
automatically
calculate due date and discount information.
NOTE Access Preview (TE01.3) to test a terms code using
a sample transaction date and amount.
Updated Files
None.
Referenced Files
TERMS -
TE01.2 - Maintenance
Use Maintenance (TE01.2) to define and maintain terms codes. There are
five types of terms codes in the Lawson Terms application (Net, Multiple
Payment,
Split, Fixed Days, Prox, and Prepayment); each type has a separate page.
NOTE You can access Preview (TE01.3) to test a terms code using a sample
transaction date and amount.
- Use the Net page to define and maintain net terms codes.
- Use the Multiple Payment page to define and maintain multiple
payment terms codes. If you define Discount Options for a multiple payment
terms code, the discounts are applied to all payment obligations for the
transaction.
You can define multiple discounts for the Lawson Accounts Receivable
application.
Lawson Accounts Payable (AP) application cannot use the multiple
discount functionality. AP can store only one discount code.
IMPORTANT Lawson Accounts Payable (AP) application cannot use the multiple
discount functionality. AP can store only one discount code.
- Use the Split page to define and maintain split month payment
terms codes.
- Use the Fixed Days page to define and maintain fixed terms
codes. Fixed terms do not contain discount information. The Days for
Adjustment
are used when a calculated due date falls between two fixed payment days you
define. For example, if you define the Fixed Payments Days of the Month (net
due days) as the 10th and 18th of the month, and the calculated day to the
first due date is the 13th, an adjustment to one of the two due dates is
required.
If you define the Days for Adjustment days as 3 or more, the 10th would be
the first net due day because it is within 3 days of the calculated due date.
If you define the Days for Adjustment days as 2 or fewer, the 18th would be
the first net due day because the 10th is not within 2 days of the calculated
due date.
- Use the Prox page to define and maintain prox terms codes.
- Use the Prepayment page to define and maintain prepayment
terms codes. When you assign a prepayment terms code to a transaction, the
calculated net due date will be the transaction date and no discount will
be applied.
Updated Files
TERMS -
Referenced Files
None.
TE01.3 - Preview
Use Preview (TE01.3) to test a terms code using a sample invoice date
and amount.
Discount amounts may display for all payment terms code types except
multiple payment terms codes.
For multiple payment terms codes, up to three discount dates and percentages
may apply to each payment sequence displayed.
IMPORTANT The multiple discount functionality currently works for Accounts
Receivable. Lawson Accounts Payable can store only one discount code.
The discount amounts display assuming the invoice is paid in full on
or before the discount date.
Updated Files
TERMS -
Referenced Files
CUCONV -
CURELAT -
GLSYSTEM -
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