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Setup page · Accounts payable

Terms of payment

A setup page for all the terms of payment used by the company and its vendors.

Used by
Accounts payable manager, Auditor, Accounting manager and 1 more role
Business process
Process supplier invoices
Menu item
PaymTerm
Main table
PaymTerm
Data entity
CredManPaymTermRankEntity
Setup steps
1 on this page
Show what matters for

Everyone

1What it is and why

What it isA setup page for all the terms of payment used by the company and its vendors.
What you do hereUsed to calculate the due date from the invoice date; terms can be assigned to vendors, customers, purchase orders and sales orders.
ExampleA company has a standard vendor payment term of Net 30 days, so an invoice dated November 15 is due December 15.
Terms of payment page in Dynamics 365
The page in a working Dynamics 365 system. page title tab to open what to set or check

Functional consultant · Solution architect

2Where it fits

Business processManage accounts payable › Process supplier invoices
Menu pathAccounts payable › Payment setup › Terms of payment
Set up firstPayment days Microsoft Learn ↗
Used next byAll vendors Microsoft Learn ↗All purchase orders Microsoft Learn ↗
Related pagesCash discounts Microsoft Learn ↗Payment schedules Microsoft Learn ↗Payment days Microsoft Learn ↗Payment fee Microsoft Learn ↗Methods of payment Microsoft Learn ↗

End user · Functional consultant

3How to do it

Step by step, with screenshots

Define supplier payment terms1 screen

Calculate the due date of supplier invoices from an approved commercial term.

  1. Screen 1

    Create the net 30 payment terms

    Go to Accounts payable > Payment setup > Terms of payment, Setup section

    1. Select New and enter Terms of payment and Description
    2. In the Setup section, set Payment method
    3. Enter Months and Days
    1Payment methodNet
    2Days30
    3Terms of paymentNET30
    DescriptionAtlas net 30 days
    Months0
    Create the net 30 payment terms (zoomed on the outlined fields)
    Show the full screenCreate the net 30 payment terms
    page title tab to open what to set or check

Microsoft's steps

  1. Go to Accounts payable > Payment setup > Terms of payment.
  2. Select New.
  3. In the Terms of payment field, enter an ID, and add a description.
  4. In the Days field, enter the number of days to add to the due date, or to the end of the period chosen in the payment method.
  5. Save the record.

Source: Microsoft Learn ↗

Field guide

FieldWhat it meansWorked exampleTable column
DaysThe number of days added to the invoice date, or to the end of the period set by the payment method, to get the due date.Microsoft Learn ↗30—
Payment methodWhere the due date calculation starts, such as Net or Current month.Microsoft Learn ↗Net—
CashThe main account used to settle invoices that are paid in cash when cash payment is turned on.Microsoft Learn ↗—CashLedgerDimension
Terms of payment—NET30—
Description—Atlas net 30 daysDescription
Months—0—

Functional consultant

4Setup decisions

Setup stepRecommended value and whyDecision · common mistake · test
Define supplier payment terms——Confusing the invoice due-date term with the separate cash-discount date setup.Test: AP baseline defaults flow from setup to invoice and payment

Solution architect

5Design impact

Shared or per companyPer company: each legal entity has its own records. Microsoft data model ↗
Can it be undone—
Feature or country—
If you change it laterThis page sets how the due date is worked out; it doesn't set the cash discount date, which comes from Cash discounts. Microsoft Learn ↗

Technical architect

6Technical

Menu itemPaymTerm Checked in Dynamics 365
FormPaymTerm Checked in Dynamics 365
TablePaymTermShown as “Terms of payment” in Record infoKey field: PaymTermIdChecked in Dynamics 365
Data entitiesCredManPaymTermRankEntityRanking of payment terms Microsoft data model ↗PaymentTermEntityTerms of payment Microsoft data model ↗
Who can open itPrivilegesMaintain vendor terms of payment PaymTermMaintainView vendor terms of payment PaymTermViewDutiesInquire into invoice and payment policies VendInvoiceInvoicePaymentPoliciesInquirEnable invoice and payment process VendInvoiceInvoicePaymentProcessEnable
4 security rolesAuditor AuditPolicyManagerAccounting manager LedgerAccountingManagerAccounting supervisor LedgerAccountingSupervisorAccounts payable manager VendInvoiceAccountsPayableManager
Checked in Dynamics 365
Actions on the pageOptions: Personalize, Page options, ShareChecked in Dynamics 365

Developer

7Developer

Open it directlyhttps://<your-environment>/?mi=PaymTerm
Integrate withCredManPaymTermRankEntity data entity Microsoft data model ↗
Table definitionPaymTerm columns and relations Microsoft data model ↗

Everyone

8Sources and checks