Credit Terms
QAD Enterprise Applications uses credit terms codes to calculate the default:
• Due date
• Discount date
• Discount for goods and services that are bought and sold
Note: Any of these calculated fields can be overridden manually.
Set up Credit Terms before customer data to set up each customer with a default credit terms code, used when processing:
• Invoices
• Customer payments
• Debit/credit memos
Note: In QAD EE, credit terms are set up in the System Administration module and are used for both purchasing and sales orders.
