Payment Terms

You can model information about the payment terms.

Use the PaymentTerms element to specify the payment terms.

Elements

Element	Description
`PaymentTerms/Note`	Specify a note.
`PaymentTerms/SettlementDiscountPercent`	The discount as a percentage.
`PaymentTerms/Amount`	The base amount for the discount.
`PaymentTerms/SettlementPeriod/EndDate`	Specify the end date, if you are using one.
`PaymentTerms/SettlementPeriod/InstallmentDueDate`	The date any instalment is due.
`PaymentTerms/SettlementPeriod/DurationMeasure`	The length of the period for which the discount is valid.
`PaymentTerms/SettlementPeriod/DurationMeasure [@unitCode='D']`	Use this attribute to specify the units of the period, for example, use `D` for days.

Example

<Invoice>
    <!-- code omitted for clarity -->
    <cac:PaymentTerms>
        <cbc:Note>Payment within 10 days, 2% discount</cbc:Note>
        <cbc:Amount>3000.00</cbc:Amount>
        <cbc:InstallmentDueDate>2024-11-01</cbc:InstallmentDueDate>
    </cac:PaymentTerms>
    <!-- code omitted for clarity -->
</Invoice>

Updated 6 months ago