There are six possible choices for this field. Choose from the drop down list:
▪C.O.D. – payment of the invoice is due on delivery
▪Prepaid. – payment is made at the time of completion of the invoice, not necessarily on delivery of goods
▪In a given # of Days – payment due date and discount date are based on a number of days after the invoice date, ie. 30 days
▪On a Day of the Month – payment due date and discount date are based on a particular day of the month, and the date must be specified
▪# of days after EOM – payment due date and discount date are based on a number of days after the end of the month
▪Day of Month after EOM – payment due date and discount date are based on a specific date in the month after which the invoice was recorded. |