| To set up payment schedules |  |
| To set up payment schedules, take the following steps: Payment Schedules (tcmcs2620m000) Define the payment schedule header. Define whether the payment amounts on the payment schedule lines are specified as percentages or through a factor, and the select the payment period type which can be Days, Months, or Fiscal Periods. Payment Schedule Lines (tcmcs2121m000) For each schedule line, define the payment amount and the payment period. You can define up to three discount periods and discount percentages for each line. The payment schedule lines are independent of each other. You can specify a separate payment method or receipt method for each line. Terms of Payment (tcmcs0113s000) Define the terms of payment. To link the payment schedule to the terms of payment, in the Payment Schedule Header field, zoom to the Payment Schedule Headers (tcmcs2120m000) session and select the payment schedule. Company Parameters (tfgld0503m000) If payment schedules must be used for every invoice in the financial company, select the Schedules Mandatory check box. Note ERP LN uses the due date calculation defined for the terms of payment to which you link the payment schedule, for all the lines of the payment schedule. Related topics How ERP LN determines the applicable bank charges Due date calculation |