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what is the purpose of payment term?

payment term purpose
By
Vivekrajan
on 6/24/13, 2:45 AM • 3,120 views

Hi all,

I would like to know the purpose of payment term in OpenERP. What are the various scenarios where payment terms are used?

Thanks

Hope this will help .... (To define when the which way the payment has to be paid ...ex. suppose you have a invoice of 1000 and payment term is 30 % by invoice rest after 1 months so at payment of invoice first time it will take only 30 % of 1000 means 300 and again when you pay the invoice it will look of remaining due 70 % , 700 .) https://doc.openerp.com/v6.0/book/3/3_9/payment_terms.html/

Abhishek
on 6/24/13, 4:11 AM

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Asked: 6/24/13, 2:45 AM
Seen: 3120 times
Last updated: 3/16/15, 8:10 AM