Here are the steps to Maintain Payment Terms in Radix. To learn more, you can also watch this RADIX Online tutorial video:


Maintain Payment Terms

To maintain Payment Terms in Radix, first select the desired company.

1. To enable Payment Term in Radix, first go to Utilities > Settings > Co. Configuration.

2. Company Configuration window will open. Click on Defaults tab here. Tick on Enable Payment Terms option.

3. Once done, click on Save button.

4. Go to Masters > Payment Terms.

5. Payment Term window will open. Enter details here such as:

       Code - Enter the name of the Payment Term you want to create.

       Calculation On - Select from Bill Date or Due Date on which you want to calculate interest.

       Discount Days - Enter the number of discount days here.

Discount Method - On selecting Percentage option, enter the discount percentage in Discount Percentage field. On selecting Value option, enter the discount value in Discount Amount field.

       Interest Days - Enter the number of days on which interest is to be applied.

       Interest Percentage - Enter the interest percentage here.

       Notes - Press F4 key and enter notes or information here, if any.

You can enter the fields you want and leave rest of the fields blank and proceed.

6. Once all the details are entered, click on Save button. Payment Term will get saved.

7. Next, create a Sales Invoice in any desired day-book and select the Pay Term here.

Related Topics:

1. Payment Term Detail Report