AR Credit Terms Maintenance
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About
- Accounts Receivable
- File Maintenance
Use Credit Terms Classes file maintenance to add, delete and change the names of Credit Terms Classes. Each class specifies a set of credit and discount handling parameters that you can assign to customers or jobs; Keystone stores them as two-letter codes. Three discount-handling fields specify when paid-on-time discounts expire.
Key Fields
- Description: The Name of the class us used both for lookups and can be printed on statements, invoices and tickets.
- Discount By: If discounts expire based on day of the month, enter the day here.
- Discount Pivot: If using a Discount By date, invoices after the Discount Pivot date are not expired until the following month.
- Discount In: If discounts should expire after a given number of days from the invoice date, enter the number of days here. Leave blank if discounts should expire based on day of the month.
- Due By: Indicates the day of the following month that invoices are due. (e.g. if set to 10, with no pivot date, then all invoices for the month will be due on the 10th of the following month)
- Due Pivot: If using Due By, then invoices that are due on or before this day will be due the following month.
- Due In: Indicates a number of days after the invoice data that the invoice is due. (e.g. if set to 30, an invoice dated April 15 would be due on Mmarch 15th)
