# Payment Terms Entry (TERMS.E)
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The TERMS.E procedure is used to define the various payment terms which will be used in processing Accounts Payable and Receivable transactions. Each record specifies a name by which the terms will be referenced and all of the data required for the system to properly process transactions which are affected by payment terms.
Frequency of Use
Terms codes are usually defined when the system is being setup prior to any transaction processing. New codes may be added at any time, but care must be taken to insure that existing codes which are currently being referenced by other records in the system are not changed or deleted.