Microsoft Dynamics AX (Archived)

setting up two different payment terms for ONE vendor

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Is there anyway to setup two different payment terms net 30 and net 60 for one specific vendor A.....??

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Ludwig Reinhard Microsoft Employee on at

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Hi AX2015,

What do you mean exactly by setting up two different payment terms? The payment term that is setup at the vendor master is just a default value that is inherited e.g. into purchase orders, invoice journals, etc. As you can always overwrite this default value I cannot imagine why you would setup two different payment terms. Would be great if you could let us know more details on your requirement. Thank you,

Ludwig

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Community Member on at

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I have one vendor that needs to have two diff payment terms....I see on master you can specify one....but wanted to see if there is another way to do this....

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Ludwig Reinhard Microsoft Employee on at

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Hi AX2015, I could think of making an adjustment that links the payment Terms to the different vendor addresses that you might have. Yet, this would require a system modification as Standard AX ships only with one default payment term. Best regards, Ludwig

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Sohaib Cheema 49,438 User Group Leader on at

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Imagine payment terms as “Contract for payment” which bounds to fulfill some terms. Now generally thinking nobody will accept “multiple contracts” at a time. People love to be simple in business and don’t want too much complication. Do I need to tell my vendor “Pay in 30 days. Pay in 60 days”. I should be accurate in my words.

Makes sense? Same Ludwig asked, what is your business requirement??

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Pranav Kumar on at

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Hi;

We had a similar situation at one of client. They were selling Licenses and services to their clients. The Licenses sales has terms on Net 5 and services had Net 15. Since license sales was limited, we suggested them to use Net 15 as default term and in case of license sales, update the due date before posting. That worked for them, not sure what your scenario is?

Pranav

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