Invoice Terms and Conditions¶

This system table is used to set invoice terms and conditions for the customers.

The field ‘Invoice Terms’ in the ‘Customers’ (Sales Files > Customers > Add/Amend > Defaults > Invoice Terms) form refers to this table.
A user may select the terms which will be applied to this customer.

Example: Invoice terms – ‘by 20th day of next month’ has to be calculated. This means that if an invoice was created on 31/03/17,
the payment date would be 20/04/17, but if the invoice was created on 01/04/13, then the payment date would be 20/05/13.

If 20 is held in the ‘Pay By Day Of Month’ field, then when the invoice is created, the payment date can be calculated and then printed
where the invoice terms should be. The text should say ‘Payment is due by 20th day of next month’.

There is a credit on hold function. This is only applicable if Blindata is used as the accounting function. If the balance for a customer
is > zero for invoices older than the payment days (‘Payment Days’ in System Tables > Invoice Terms and Conditions), then the order will
go on credit hold.

Example: if the payment days = 30 and the current date = 03/05/17, then if there are invoices unpaid that have an invoice date more than
30 days old (ie before 03/04/17), then when an order is entered, it should go on credit hold.