1. Home
  2. Getting started
  3. How to set up payments terms*
  1. Home
  2. Customers
  3. How to set up payments terms*
  1. Home
  2. Receiving payments
  3. How to set up payments terms*

How to set up payments terms*

Here we will show you how to set up payment terms using associated attributes.

Before reading this article, you may want to read up on attributes, attribute values and how they’re used in Paragon. If you’re already an expert on this topic, keep reading.

In order to follow these instructions, you need to know how to enter a list to choose from attribute.

Background information

An “associated attribute value” is an attribute used to describe another attribute. You can also use an associated attribute to separate attribute values that contain more than one piece of information. An example of this is a payment term like “1% 10 net 30”. There are three important pieces of information combined into this one term: the discount percent (1%), the discount due date (10) and the overall due date (30). If you want to use any of these values to make calculations, they need to be separated from each other. To achieve this, you would use attribute associations.

Step 1: Create or find the list to choose from attribute

Once you have chosen the attribute values you want to set up, then you can add associated values.

associated attributes1

Step 2: Create attribute associations

To associate something to the “1% 10 net 30” attribute, hit the link button on the right hand side of the attribute value line.

associated attributes1 - Copy

You will be brought to the following screen. This is where you will be able to add attributes that specifically describe the payment term “1% 10 net 30”. To add attributes, click into the “select attributes to add” drop-down field.

associated attributes - Copy (4)

In this situation, “discount days” and “payment days” were added.

associated attributes - Copy

In the payment term “1% 10 net 30” the discount days is 10 and the payment days is 30. So, those values were entered in the attributes.

associated attributes - Copy (2)

Once you have added all the associated attributes, hit the accept button to confirm.

associated attributes - Copy (3)

You will be brought back to the screen where you began to enter the attribute values for the “payment terms” attribute. You’ll notice that there is a blue triangle to the left of the attribute value “1% 10 net 30”. This indicates that there is an associated attribute to this value.

associated attributes1 - Copy (2)

Step 3: Continue creating your attribute

Once you have entered all the associated attributes, you can proceed with creating the attribute by hitting the proceed button.

associated attributes1 - Copy (3)

For more on how to create list to choose from attributes, check out this article.

Updated on September 20, 2019

Was this article helpful?

Related Articles

Add A Comment