RE: How can we define more than one payment terms for Vendors
I want to define more than one payment terms for 1 vendor for example :
Vendor Name : ABC Pvt Ltd.
Term 1 : 2% Net 30
Term 2 : 3 % Net 45
Is it possible to define two terms for one Vendor.
You’ll only be able to default one term, but you can create new payment terms Setup>Accounting>Accounting Lists then go to Terms and create the terms you want. You’ll just have to select which one you want when you go to enter the bill.
Hope this answers your quesiton
