Project Vendor Payment Terms

The Project Vendor Payment Terms screen allows you to define how voucher payment terms are managed at the project level. While only one Project Vendor Payment Terms document can exist for a given project, this screen serves as an override to customize vendor payment terms assigned to each project.

This document references existing Vendor Payment Terms that define the number of days before a voucher is due for payment (or eligible for a discount), based on the combination of vendor and payment routing.

General

In the General section, you can reference the project that requires vendor payment terms setup and enter information about the project vendor payment terms.

Field		Description
	Project	Enter or select a project by code, name, or client.   Note: If a Project Vendor Payment Terms document already exists for the project you select, attempting to submit the document results in an "FR0109: Must be unique" validation error.
	Status	Select if the Project Vendor Payment Term(s) is/are Active, Inactive or Ignore. The default is Active.

Vendor Payment Terms

The Vendor Payment Terms section allows you to define vendors and payment routings, assigning the appropriate payment terms for the project you specified in the General section above.

Field		Description
	Sequence	An auto-generated sequence number that identifies the Project Vendor Payment Term.
	Vendor	Select a Vendor by entering the Vendor Code or Name to search existing records
	Payment Routing	Select a Payment Routing option from existing records attached to the selected vendor. If the vendor has only a single payment routing option, this field auto-populates with the applicable payment routing when the vendor is selected.
	Payment Terms	Select the Payment Terms you want to use for the selected Vendor and Payment Routing combination selected in the previous columns. This field defaults to the vendor payment term associated with the Vendor and Payment Routing records selected.
	Update Due Date for Release	Select whether the selected Payment Terms are subject to the enforcement of additional due days for pay-when-paid vouchers. This value defaults to the settings within the Vendor Payment Terms source document selected in the previous column. If no payment term exists, this defaults to disabled.
	Status	Indicates if the Vendor Payment Term record at the project level is Active, Inactive, or Ignore(d). This defaults to Active. Set to Inactive or Ignore to deactivate.

To delete a Vendor Payment Terms record from the Project Vendor Payment Terms document, select the entire row, right-click, and select Delete.