Payment Net Days vs Payment Net Days Part 1 / 2 / 3

[Joe Eckard]

I was wondering if anyone could clarify the difference between these  
different term types...

"Payment (net days)" is of a term type: FINANCIAL_TERM

while

"Payment net days, part 1"
"Payment net days, part 2"
"Payment net days, part 3"

are of the type: FIN_PAYMENT_TERM, which is a subtype of FINANCIAL_TERM.

I did a full text search for the "part 1 / 2 / 3" term types, but  
couldn't find any usages in the project to help determine what they  
were.


-Joe

[Jacopo Cappellato-4]

They are used to setup payment terms like these:
a) "the order needs to be paid for 50% after 30 days, and the  
remaining 50% after 60 days"
b) "the order needs to be paid for 50% after 30 days, and 30% after 60  
and the remaining 10% after 90 days".

To do a) you will use "Payment net days, part 1" and "Payment net  
days, part 2" properly setting the termDays and termValue fields; to  
do c) you will use "Payment net days, part 1", "Payment net days, part  
2" and "Payment net days, part 3"

You set the terms in the order, they are then copied to the invoice:  
then you will be able to see (in the invoice detail screen) the  
payment breakdown by due date; there is also another report that makes  
use of them (under the "Payment" menu, you will find its link at the  
top of the screen... something like "find payments by due date")

Jacopo

On Jun 29, 2009, at 1:24 PM, Joe Eckard wrote:

> I was wondering if anyone could clarify the difference between these  
> different term types...
>
> "Payment (net days)" is of a term type: FINANCIAL_TERM
>
> while
>
> "Payment net days, part 1"
> "Payment net days, part 2"
> "Payment net days, part 3"
>
> are of the type: FIN_PAYMENT_TERM, which is a subtype of  
> FINANCIAL_TERM.
>
> I did a full text search for the "part 1 / 2 / 3" term types, but  
> couldn't find any usages in the project to help determine what they  
> were.
>
>
> -Joe