Specify a code (maximum of eight characters) that identifies this credit term. You cannot modify existing credit term codes. This field is mandatory; the code cannot be blank.

Enter a brief description (maximum 40 characters) of the credit term. This field is mandatory; the description cannot be blank.

You can optionally enter descriptions in more than one language. For more information on the Translation Option, see Introduction to QAD Enterprise Applications User Guide.

Select the type of payment: Normal, Scheduled, or Staged.

The payment type determines which tabs can be used to configure the credit terms code. Normal and Discount are used with normal payment types; Staged is used with the Staged payment type. When you select the Scheduled payment type, the tabs are disabled and the Billing Schedule Code field becomes mandatory.

Indicate if this is an active record.

This field is only active when the Payment Type field is set to Scheduled, and it is then also mandatory. Enter a billing schedule code or use the lookup to select a code for use in due date calculations. The billing schedule code you enter must already exist and needs to be valid for payment type Scheduled.