Vendor Payments Terms:

  • Vendor Payments Terms:

    Posted by DSC Communities on December 23, 2016 at 11:36 am
    • Fernando Lopez

      Member

      December 23, 2016 at 11:36 AM

      Does anyone know how to do a massive upload on the vendor master to have all vendor payment terms change from “Due on Receipt to Net 30”?

      All of our vendor’s payment terms are”Due Upon Receipt”.  What I want to know if is possible to do change the payment terms all at once or do I need to do one at a time?

      ——————————
      Fernando Lopez
      Accounts Payable Manager
      Pennymac Mortgage
      Moorpark CA
      ——————————

    • Adam Martin

      Member

      December 23, 2016 at 11:41 AM

      Hi Fernando,

      There are a few options for updating the Vendor cards Payment Terms. One way – if you use Vendor Class – would be to update the Vendor Class Setup (Purchasing > Setup > Vendor Class) and entering the new Payment Terms for the class. When asked to roll down changes, choose Yes. However, be careful that other changes you make will be rolled down.

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      Adam Martin
      Support Manager, Consultant
      Software Solutions Group, Inc.
      Amherst NY
      ————————————————————————-

    • Shari Bruno

      Member

      December 27, 2016 at 11:02 AM

      Hi Fernando,

      Definitely be careful when rolling vendor class changes down to all vendors. If you have items stored on the vendor card, like expense GL codes, that are not part of the Class ID, it will overwrite it. 

      ——————————
      Shari Bruno
      Accounts Payable Specialist
      Bible League International
      Crete, IL
      ————————————————————————-

    DSC Communities replied 6 years, 9 months ago 1 Member · 0 Replies
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