Understanding how and why your system works the way it does is important, especially when it come to the terms set in Fusion’s Accounts Receivable (AR) and Accounts Payable (AP) payment function.   When you’re creating just one invoice at a time, adjusting accounting terms is not too onerous. But when you’re generating hundreds of invoices en masse, setting the correct default terms in advance is key.   Fusion’s AP and AR applications can cut down on data entry by using default settings and, simultaneously, by having global attributes at the header level. This will also give users the ability to control attributes at the site level.   Avoid major tedium and save time by setting terms up correctly at the outset!   Example of Payment Terms Defaulting in Payables If you are matching to a PO on an invoice, the purchase order provides the default payment terms. If you aren’t matching to a PO, the supplier site provides the default terms. If there are no payment terms for the supplier site, the AP invoice uses payment terms from the Manage Invoice Options page. You can override the default terms on any invoice. The following figure shows the payment term defaulting flow during invoice entry. understandingarap1 Note: There are no payment terms at the header level, only on the site level. understandingarap2 Example of Payment Terms Defaulting in Receivables   Now let’s take a look at the terms defaulting in receivables. As you will notice, there can be terms at multiple levels.   Here are some receivables searches for payment terms that may be used on a transaction in the order: customer site profile, customer account profile, and transaction type. If the payment terms come from the site profile or account profile and the “Override Terms” option is enabled, then you can update the default payment terms on the transaction. Note: Unlike suppliers, you will notice there can be terms at multiple levels on the customer level. Account Level understandingarap3 Site Level understandingarap4 Transaction Type understandingarap5        

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