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Updating the Payment Terms for Existing Transactions. |
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Sun Documentation -
Accounts Receivable
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When a ledger transaction enters Financials, the payment terms that apply to the transaction determine various dates and rates for the transaction. For example, they may determine the payment due date, discount dates and discount percentages that apply. You can use Payment Terms Update ( PTU) to apply payment terms to transactions after they have been posted. For further information on how the payment terms are applied to transactions, see Linking Payment Terms to Journal Transactions. Account Code From/To
The range of ledger accounts to be reviewed by the update process. Any unpaid transactions for accounts within this range are checked. If account references one of the selected payment terms codes, the payment terms are applied to the account transactions.
Payment Terms Code From/To
The range of payment terms codes that are applied to the unpaid transactions for the selected range of accounts. The payment terms code that is applied to a particular account's transactions is identified on the supplier or customer details.
Period From/To
The range of accounting periods for which transactions are updated. Only unpaid transactions posted to a period within this range are updated.
Update Existing Details
Options are: - Select Yes to update transactions which already have payment term attached to them. For example, to update the status of a supplier or to correct errors in the payment terms.
- If No is selected, Payment Terms Update only applies payment terms to transactions which do not already have payment terms attached to them.
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Accounts Receivable 
