PaymentTerm

Identifies the payment term for an Order or Invoice. Supports the abiility to specify an absolute due date, a number of days from a start daye, a percent discount or an absolute discount. A common term like "Net30Days" is explicitly code as either a calculated DueDateTime or a PaymentTermsDateTime and NumberOfDays.

See http://www.openapplications.org/platform/1.

Element information

Content

• Sequence [1..1]
  from group FreeFormTextGroup
  Sequence [0..1]
  1. Description [0..*]    
  2. Note [0..*]    
  1. Term [0..1]    Identifies the Terms i.e. the time and number of payments and the amount or percentage of the payment.
  2. Discount [0..*]    Identifies the Discount the time and number of payments and the amount or percentage of the discount from the payment.
  3. Penalty [0..*]    Identifies the Peanlty what happen when the time and number of payments and the amount or percentage of the penalty to add to the payment.
  4. UserArea [0..1]    Allows the user of OAGIS to extend the specification in order to provide additional information that is not captured in OAGIS.This is done by defining the additional information in XML Schema and referencing the new schema in the xml instance document through the use of namespaces. Once this is done the additional information defined there can be carried in the BOD XML instance document.The Open Applications Group will make best efforts to quickly consider all proposed submissions.The USERAREA is always the last element in all components, except where the component has been extended inline.

Attributes

Used in

• Type LedgerEntryHeaderType
• Type ProcurementHeaderType
• Type ProcurementLineType
• Type InvoiceHeaderType (Element InvoiceHeader)
• Type MatchDocumentHeaderType (Element MatchDocumentHeader)
• Type OrderHeaderType via extension of ProcurementHeaderType
• Type OrderLineType via extension of ProcurementLineType
• Type InvoiceLedgerEntryHeaderType via extension of LedgerEntryHeaderType (Element InvoiceLedgerEntryHeader)
• Type JournalEntryHeaderType via extension of LedgerEntryHeaderType (Element JournalEntryHeader)
• Type PayableHeaderType via extension of LedgerEntryHeaderType (Element PayableHeader)
• Type PurchaseOrderHeaderType via extension of ProcurementHeaderType (Element PurchaseOrderHeader)
• Type PurchaseOrderLineType via extension of ProcurementLineType (Element PurchaseOrderLine)
• Type QuoteHeaderType via extension of ProcurementHeaderType (Element QuoteHeader)
• Type QuoteLineType via extension of ProcurementLineType (Element QuoteLine)
• Type RFQHeaderType via extension of ProcurementHeaderType (Element RFQHeader)
• Type RFQLineType via extension of ProcurementLineType (Element RFQLine)
• Type ReceivableHeaderType via extension of LedgerEntryHeaderType (Element ReceivableHeader)
• Type SalesOrderHeaderType via extension of ProcurementHeaderType (Element SalesOrderHeader)
• Type SalesOrderLineType via extension of ProcurementLineType (Element SalesOrderLine)

Sample instance

<PaymentTerm>
   <Description>string</Description>
   <Note>string</Note>
   <Term>
      <ID>normalizedString</ID>
      <Description>string</Description>
      <EffectiveDateTime>2000-01-01</EffectiveDateTime>
      <DueDateTime>2000-01-01</DueDateTime>
      <DiscountPercent>1.0</DiscountPercent>
      <ProxMonth>1</ProxMonth>
      <ProxDayOfMonth>01</ProxDayOfMonth>
      <UserArea>
         <!--any element-->
      </UserArea>
   </Term>
   <Discount>
      <ID>normalizedString</ID>
      <Description>string</Description>
      <EffectiveDateTime>2000-01-01</EffectiveDateTime>
      <DueDateTime>2000-01-01</DueDateTime>
      <DiscountPercent>1.0</DiscountPercent>
      <ProxMonth>1</ProxMonth>
      <ProxDayOfMonth>01</ProxDayOfMonth>
      <UserArea>
         <!--any element-->
      </UserArea>
   </Discount>
   <Penalty>
      <ID>normalizedString</ID>
      <Description>string</Description>
      <EffectiveDateTime>2000-01-01</EffectiveDateTime>
      <DueDateTime>2000-01-01</DueDateTime>
      <DiscountPercent>1.0</DiscountPercent>
      <ProxMonth>1</ProxMonth>
      <ProxDayOfMonth>01</ProxDayOfMonth>
      <UserArea>
         <!--any element-->
      </UserArea>
   </Penalty>
   <UserArea>
      <!--any element-->
   </UserArea>
</PaymentTerm>