Implementing Cloud Financials: From Empty Pod to Go-Live · Module 8 · Payables and Payments
Payment terms and distribution sets
Lesson 78 of 153 · 10 min
Review the delivered payment terms, then create a custom one with multiple instalments. Create a discount term and show the discount calculating on an invoice. Create a distribution set for a recurring cost split. And show reference data set assignment for terms — the concept from the common configuration module, made concrete on an object you can see. Payment terms drive cash forecasting and the aging report. Sloppy terms produce useless forecasts, and the treasurer will believe the forecast until the day it fails them. Distribution sets save enormous data entry time on recurring invoices like rent or utilities. They are an underused feature and worth showing properly rather than mentioning.
The full lesson is part of the course
The video, the complete written lesson and the module quiz are included in Implementing Cloud Financials: From Empty Pod to Go-Live, with a certificate on completion and a fourteen-day refund window.
In this module: Module 8 · Payables and Payments
- 1The procure-to-pay picture
- 2Common options and invoice options
- 3Payment terms and distribution sets
- 4The supplier model
- 5Creating suppliersFree preview
- 6The payments engine
- 7Payment methods, profiles, documents
- 8Invoice approval workflow
- 9End to end: invoice to payment to accounting
- 10What breaks
- 11Lab: full procure-to-pay