Setting Up Payment Terms

Payment terms are the different terms that you offer to your customers, such as Net 30 days and Net 60 days. You set up payment terms so that they are available in your Siebel application, for example in the Quotes screen.

To set up a payment term

Navigate to the Administration - Data screen, Orders, and then the Payment Terms view.

Create a new record, and complete the necessary fields.

Some fields are described in the following table.

This table describes the fields to complete when setting up a payment term.
Field	Comments
Payment Term	Type a name for the payment term, such as Net 30.
Net Days	Type the number of days if the payment term requires payment in a specific number of days after the order date.
Description	Type a description of the payment term.
Discount	Select a value for the amount of the discount if there is a discount for early payment.
Discount Days	Type the number of days within which a customer must pay to qualify for the discount if there is a discount for early payment.
Due	Select the due date if there is a specific due date for payment.
Integration ID	Displays a cross-reference that links the Siebel application to corresponding payment term information in the back-office application. Do not modify this field.