Terms

How do I get here?	Setup ► Customer Settings ► Terms
Purpose	Terms can be set at the Customer level via the Customer Information screen or on the individual Product via the Products screen. This data can then be used in reporting and to setup alerts (if applicable) to notify users of accounts or products that are out of term, nearing term end or who are within term. Terms can be setup to auto increment years or months to the Term start date (aka Contract Date). Once a Term start date is entered along with a Term, the system will automatically calculate the Term End Date using the years/months to increment.
Security	Maintenance Module
Taxing Impact	N/A
Commission Impact	N/A
Data Field Definitions	View Here

 

Terms Grid - Shows all sets of Terms available for Customers or Products.

Add New Terms - Add a new set of terms to be used on the Customer Information or Products screen.

 

Data Field Definitions

Field Name	Definition	Notes
Description	Appears as an option in the drop-down lists on Customer Information and on Products
Years to Add	Used to calculate the "Total Months to Add". The system will automatically calculate the months to add when tabbing off this field with a year value.
Months to Add	Used to calculate the "Total Months to Add". The system will automatically calculate the months to add when tabbing off this field with a month value.
Effective Date	Indicates the date range start that this Term selection is available in the dropdown
Expiration Date	Indicates the date range start that this Term selection is available in the dropdown