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.
Using the Terms and Condition Master helps us to add more terms and
conditions into the drop down which we see when we place any Purchase
Order.
For reaching the Terms and Conditions Master in the Asset Infinity
Application, we need to go to:
Menu > Purchase > Requisitions & Orders Settings >
Purchase Order Settings > Terms & Conditions
After reaching here, the following screen will be visible:
Here, we can see that if there is any Term and Condition which we want
to set regarding our purchases, we can enter that in the Terms & Condition
Text Box Above.
We can also click on the Edit Button on the Top Right Corner from where
we can add additional fields into the Terms & Condition Master.
After clicking on the Save Button, the Terms and Condition will be added
in this information grid:
This is how we can create terms and condition through the use
of this section.