s50002 Field descriptions

Standard Payment Term ID

The unique ID of a payment term.

Description

The description of a payment term.

Days for cash discount

The number of days allowed to get a discount on the invoice amount in a Purchase Order (PO). For example, if the value in the Days for cash discount field is 4, you can get a discount if you pay the invoice amount in the first 4 days of the total remaining days specified in the Days before ordinary due date field.

Discount percentage

The discount on the invoice amount in a PO in percentage. You can define a value between 0 to 100. The discount percentage is only applicable when the invoice amount is paid within the number of days specified in the Days for cash discount field.

Calculation Method

Indicates the method to calculate the number of days to pay the invoice amount in a PO. If the Calculation Method checkbox is selected, the payment due date is calculated from the Supplier Invoice Date defined in the s53000 Invoice Verification screen. If the Calculation Method checkbox is cleared, the payment due date is calculated from the Delivery Date of materials defined in the s53000 Invoice Verification screen.

Days before ordinary due date

The number of remaining days to pay the invoice amount in a PO. For example, if the value in the Days before ordinary due date field is 10:

• If the Calculation Method checkbox is selected, the number of remaining days to pay the amount is 10 days from the Supplier Invoice Date defined in the s53000 Invoice Verification screen.

• If the Calculation Method checkbox is cleared, the number of remaining days to pay the amount is 10 days from the Delivery Date of materials defined in s53000 Invoice Verification screen.

End of Month Dating

Indicates the method to calculate the number of days to the pay the invoice amount in a PO. If the End of Month Dating checkbox is selected, the number of days to pay the invoice amount is calculated from the last day of the current month.

Status

Indicates the status of a payment term. If the Status checkbox is selected, the payment term is available for use throughout AVEVA Enterprise Resource Management.

Language

The unique code to identify a language.

Text

The text to display in relevant documents such as Technical Material Requisition, Request for Quote, Purchase Agreement, and Purchase Order.