Sample AP Terms Code Entries

The following table illustrates how some of the more common terms codes would be entered:

Code 10 20 99

Description 1% 10 Net 30 2% 10 Net 30 Cash

Date/Num/Spec N N N

# of Payments 1 1 1

Discount % 1.00% 2 0.00

First Net Due 30 10 0

Discount Due 10 0 0

Cutoff Day Current Month  10 

Cutoff Day Next Month  25 

Subsequent Due   

Sub. Discount Due   

Specific Date Due   

Spec. Discount Due