ReqVise

Payment Terms Master
AD
User AD
Administration Master Data Payment Terms

Payment Terms Master

Manage payment terms, net days, advance payments, installment plans, and MSME compliance

Add Payment Terms
15
Total Payment Terms
12
Active
3
Inactive

MSME Compliance: MSME vendors must be paid within 45 days as per MSMED Act 2006. Payment terms exceeding 45 days will be automatically overridden for MSME-registered vendors.

Code Description Days Type Early Payment Discount MSME Override Default Status
NET-30 Net 30 Days 30 Net — No Active
NET-45 Net 45 Days 45 Net — Yes (45 days max) — Active
NET-60 Net 60 Days 60 Net — No — Active
NET-90 Net 90 Days 90 Net — No — Active
ADV-100 100% Advance 0 Advance — No — Active
ADV-50 50% Advance + Balance on Delivery 0 / On Delivery Advance — No — Active
COD Cash on Delivery 0 COD — No — Active
NET-15-2 Net 15 with 2% Discount 15 Net 2.00% No — Active
INST-30-60-90 3 Installments (30-60-90) 30 / 60 / 90 Installment — No — Active
NET-120 Net 120 Days 120 Net — No — Inactive