How To: Add Payment Terms for Purchase Orders in Asset Infinity
When an organization is creating a Purchase Order with their Vendor for placing an order, there might be certain terms and conditions associated with these payments that need to be adhered to when these transactions occur. These Terms can be added in Asset Infinity against the Purchase Orders in the system to easily keep a track of these and refer to, at a later time. Following the steps shown below, will This helps us in adding a payment term which we want to convey to our
vendors when we place a purchase order.
For doing this we have to go to:
Menu > Purchase > Requisitions & Orders Settings > Purchase Order Settings > Payment Terms
Here we can add the Payment Term.
We can also modify and add any other criteria in the form apart from
adding the Payment Term by going into the Edit Option on the Top Right Corner.
After clicking on the Save button, it will be updated in the following
table:
This is how we add Payment Terms in the application.
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This section will help us in managing the payment terms which we already added through the Creating the payment terms section. For Managing these we go to: Menu > Purchase > Requisitions & Orders Settings > Purchase Order Settings > Payment Terms ...