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E1: FIN: How To Set Up Standard and Advanced Payment Terms in the JD Edwards EnterpriseOne Financial System (P0014, P00145, P00146, R005142, R005141) (Doc ID 1411304.1)

Last updated on DECEMBER 13, 2022

Applies to:

JD Edwards EnterpriseOne Accounts Receivable - Version XE and later
JD Edwards EnterpriseOne Accounts Payable - Version XE and later
Information in this document applies to any platform.


Overview of Payment Terms and Advanced Payment Terms

Payment terms are used by the JD Edwards EnterpriseOne Accounts Payable and Accounts Receivable systems to specify a payment due date and, optionally, a discount percent and discount due date. The system uses Payment Terms to calculate the due dates and discounts on vouchers and invoices for efficient transaction entry.

Each customer and supplier may have a default Payment Term defined that are used automatically when creating a voucher or invoice. The default value can be accepted or overridden with a different Payment Term.

Payment Term Codes can range from simple to complex, depending on your organization's policies.Payment Terms can be defined by using a one-, two-, or three-character combination of these types of characters:

For example, you might use A1%, which combines all three types of characters, for a percentage Payment Term Code. The JD Edwards EnterpriseOne Accounts Payable and Accounts Receivable modules use the same payment terms.


This document is intended for users who are setting up and revising Payment Terms to be used in the Accounts Payable and Accounts Receivable modules.


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In this Document
 Overview of Payment Terms and Advanced Payment Terms
 Commonly Used Payment Terms
 Types of Payment Terms
 Understanding Standard Payment Terms (P0014)
 Setting Up Standard Payment Terms
 Standard Payment Term Examples
 Due Upon Receipt
 Net Due Date 
 Proximate Date
 Fixed Days
 Split Payment Term
 Net Due Date with Discount
 Payment Terms Report (R0014)
 Understanding Advanced Payment Terms (P0014, P00145, P00146)
 Adding a Work Day Calendar
 Defining Due Date Rules
 Defining Date Ranges for Due Date Rules
 Setting Up Multitiered Discounts for Due Date Rules
 Updating Discounts with Multitiered Discount Payment Terms
 Verifying Due Date Rules
 Defining Advanced Payment Term Codes
 Defining Installments for Payment Term Codes
 Advanced Payment Term Examples
 Calendar: Work Day Rule
 Calendar: Annual Payment
 Calendar: Payments Due on a Specific Day of the Week
 Calendar: Payments Due Last Day of the Month, 45 Days After the Invoice Date
 Date Range
 Date Range: Payments Due Last Day of the Month, 45 Days After the Invoice Date
 Fixed Date Range
 Multitiered Discount 
 Understanding Due Date versus Net Due Date Fields
 Payment Terms in Accounts Payable
 Create Payment Control Groups (R04570)
 T Accounts for Vouchers with Discounts
 Payment Terms in Accounts Receivable
 Manual Receipt Entry (P03B102)
 T Accounts for Invoice with Discounts
 Understanding Tax Rules (P0022) and Discounts
 Examples of Tax Rules (P0022) On Discounts

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