Specifications

Chapter 4. Accounts Receivable
Dim11 91
Discount % What is the percentage of discount allowed for prompt
payment? The computer uses this percentage to calculate
the discount amount on invoices generated at POS. It
can be printed on the invoice along with the discount
date, if desired. If the terms are net, enter zero.
Use the following worksheet to define my terms.
If you need more room, use another sheet of paper. A few examples of common
terms are listed for you.
Description Due
Date/Days
FC Code Monthly
FC%
Discount
Date/Days
Discount%
Net 30 30 -- -- -- --
2% 10th, Net 30th 073093 1 1.5 071094 2
2% 10, Net 30 30 1 2 10 2
NET-COD 0 -- -- -- --
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TAX CODES
These are the different ways you handle sales tax. Tax codes include both taxable
and non-taxable classes. The computer can handle up to 999 different tax codes.
It uses taxable and non-taxable data for sales analysis purposes. For now,
describe the different ways your business has to deal with sales tax. A few
examples are given to get you started.