India IRP: Payment Terms

You can model information about payment terms.

Elements

Use the following sub-elements of the PaymentTerms element:

Name (Path)	Cardinality	Description
Payment Terms Group (`Invoice/PaymentTerms`)	0..n	Groups information about the terms of payment.
Payment Terms (`Invoice/PaymentTerms/Note`)	0..1	A textual description of the payment terms that apply to the amount due for payment (Including description of possible penalties).
Settlement Period Duration (`Invoice/PaymentTerms/SettlementPeriod/DurationMeasure`)	0..1	The length of the period for which the payment is due.
Settlement Period Duration Unit of Measure (`Invoice/PaymentTerms/SettlementPeriod/DurationMeasure [@unitCode='D']`)	0..1	Use this attribute to specify the units of the period, for example, use `D` for days.

Restrictions

You must specify D for days in the Settlement Period Duration Unit of Measure element.

Example

<Invoice>
    <!-- code omitted for clarity -->
    <cac:PaymentTerms>
		<cbc:Note>Terms of Payment</cbc:Note>
		<cac:SettlementPeriod>
			<cbc:DurationMeasure unitCode='D'>2</cbc:DurationMeasure>
		</cac:SettlementPeriod>
	</cac:PaymentTerms>
    <!-- code omitted for clarity -->
</Invoice>

Updated 4 days ago