Adding payment terms on the fly

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Accounting CS uses payment terms to automatically calculate due dates, discount expiration dates, and discount amounts for your payables and receivables. Depending on your security settings, you may be able to set up an unlimited number of payment terms in the Setup > Firm Information > Payment Terms screen, and you may also be able to add them on the fly using either of the following methods.

  • Right-click in any of the payment term fields listed below and choose Add Payment Term from the context menu.
  • Enter a unique name in any of the payment term fields listed below and press TAB to move to the next field. The application displays a prompt asking if you want to add the payment term. Click Yes to open the Payment Terms screen and enter the applicable payment term information.

Note: Depending on your security settings, you may be able to modify or delete an existing payment term on the fly by right-clicking in a payment term field in which a payment terms is already selected and then choosing Edit Payment Term or Delete Payment Term from the context menu.

The add-on-the-fly capability is available in the following fields.

  • Payable transactions
    • Payment term field in the Accounts Payable tab of the Setup > Vendors screen
    • Pmt Term column in the Rapid tab of the Actions > Enter Payables screen
    • Payment term field in the Detail tab of the Actions > Enter Payables screen
    • Payment Term column in the Rapid tab of the Setup > Payable Templates screen
    • Payment term field in the Detail tab of the Setup > Payable Templates screen
  • Invoice transactions
    • Payment term field in the Accounts Receivable tab of the Setup > Customers screen
    • Payment Term column in the Rapid tab of the Actions > Enter Invoices screen
    • Payment term field in the Detail tab of the Actions > Enter Invoices screen
    • Pmt Term column in the Rapid tab of the Setup > Invoice Templates screen
    • Payment term field in the Detail tab of the Setup > Invoice Templates screen

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Setting up payment terms

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