Payment terms

MERA Open contains a sophisticated decay calculation used across the system - for example. debtors, creditors and financial - and across functional - eg. billing, payment and liquidity analysis . When creating a new payment terms assigned number from the corresponding number series (109).

A payment condition is defined by a user specific code which is used as a reference for:

  • Description A textual description of the payment term per-used language. This description is used partly as user information and partly in communication with external stakeholders such. printing of invoices to customers.
  • Due Date Calculation Apart from the invoice date, due date is calculated using either the invoice date or current month (month-end) as a basis. This can be added a number of months from the base date and / or a number of days. If the base date is the current month will any monthly allowance always end in the affected month. If the base date is the invoice date will any month allowance be the same number of hit mÃ¥nded. If this date is invalid deducted day until a valid date affected. Plus days will always be "real" days. Ie there may be a difference of plus one month in relation to an allowance of 30 days. Additionally, one can determine the month interval, for example. decay calculation of VAT payable every three months.
  • Cash discount Cash discount percentage.

Due Date Calculation and cash discount percentage can have up to 10 alternatives that are used in connection with, and udbetalingsrutiners cash discount calculation.

Additionally, specify whether

  • The payment terms are credit facilities and sales orders with this payment term therefore be rated under the current rules.
  • About items which are not discountable example. freight and postage must be excluded in calculating cash discount.
  • About cash discount amount is to be settled for billing. Ie whether cash discount is a sales discount parameter and thus deducted varesalgskontering invoicing.

(Param-2)

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