Payment terms in sales and purchase documents

Payment terms define the conditions under which a supplier completes a sale. Typically, they specify the following:

  • a period when a customer can pay off the amount due
  • whether a supplier expects a single payment or installments according to a schedule

Payment terms can also require cash in advance, cash on delivery, payment method.

 In 1C:Drive, you can define payment terms using one of the following options:

  • Specify payment terms in the counterparty billing details.
  • Specify payment terms in a counterparty contract.

When it comes to sales documents or purchase documents, you add the payment terms that govern a sale or purchase.

You have the following options:

  • Fill in payment terms automatically
  • Add payment terms manually

Filling payment terms automatically

The payment terms automatically apply to a sales document or a purchase document in the following cases:

  • You specify a counterparty (a supplier or a customer) that has payment terms set in the billing details.
  • You specify a counterparty contract where payment terms are set.
  • You generate a document from another document with payment terms set.

Then you can edit the payment terms.

Adding payment terms manually

To add the payment terms manually:

  1. In a purchase document or sales document, select the Payment terms tab.
  2. Select the Set payment terms check box.
  3. Do one of the following:
    • To add a single payment, select Single and specify the payment method and due date.
    • To add payment by installments, select Installments and specify the payment method and installment details.
  4. If the payment method is Cash-in-hand or Electronic, specify the settlement account.
  5. Click Save.