Payment Term

Payment Term Basic Fields

• Account Undeposited Cash - If a Payment Term is prepaid, the standard AR account will be replaced by the "Account Undeposited Cash" account when posting Sales Invoices.
• Bypass AR - If checked, and when Sales Invoices are posted, the standard AR account will be replaced by the "Account Undeposited Cash" account, and Account Ledger Entries will not be created.
• Discount % - The Discount % given when the payment is made by the Discount Date.
• Discount Date Calculation - The number of days until the Discount Date is calculated from the Invoice Date.
• Due Date Calculation - The number of days until the Due date is calculated from the Invoice Date.
• Prepayment % - The prepayment percentage defined by this Prepayment Term (set as 10.0 = 10%).
• Remit-to Factor Account - Define the AR Remit-to Account. Used in the Factoring business.

Article Payment-Term  ·  Last updated January 08, 2026 · GoldFinch ERP Help Center