Accounting > AP > AP Setup > Manage Vendor Term

 Use this page to manage Vendor Terms. 



A Vendor Term specifies the number of days before a vendor invoice is due in order to calculate the invoice due date. Vendor Terms are used when a new Vendor is set up, so that when Invoices are entered, the Due Date is automatically calculated. 


Step 1. Navigate to Accounting > AP > AP Setup > Manage Vendor Term


Step 2. Click the Add Vendor Term button



Step 2. Complete the information below.


  • Title-  Enter a Title for the Term


  • Num Days- Enter the number of days until the invoice is due.




Step 2. Click the Save button  when completed.



Apply Vendor Term


Follow the steps below to apply your new Term to a Vendor.


Step 1. Navigate to Accounting > AP > AP >  Manage Vendor


Step 2. Complete Search fields to locate the correct Vendor. 


Step 3. Click Search to return a list that meets your criteria. 


Step 4. Click the Pencil icon for the Vendor you need to edit to open the record. 



Step 5. In the A/P Section in the Terms field, select the correct Term from the drop down menu.

 

  


Step 6. Click the Save button to finalize your changes.