Payment Terms (Vendor Defaults)

How Do I...

To set up default (standard) payment terms for your vendors and default purchase and discount G/L accounts, select the Payment Terms tab in the Vendor Defaults window.

Standard Terms

If the Use Standard Terms check box is selected for a vendor record in the Maintain Vendors window, that vendor uses this default set of terms. Below are the fields that define standard terms:

G/L Link Accounts

These defaults are used to link purchase and discount G/L accounts to your vendors. You can change the accounts for individual vendors, if necessary.

To display a list of existing accounts, type ? in the G/L Account ID field, or select the Lookup button. To add a new account, type + or double-click the field, which displays the Maintain Chart of Accounts window.

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