How to set up payments terms | ParagonERP

How to set up payments terms

Here we will show you how to set up payment terms using associated attributes.

Before reading this article, you may want to read up on attributes, attribute values and how they're used in Paragon. If you're already an expert on this topic, keep reading.

In order to follow these instructions, you need to know how to enter a list to choose from attribute.

Background information

An "associated attribute value" is an attribute used to describe another attribute. You can also use an associated attribute to separate attribute values that contain more than one piece of information. An example of this is a payment term like "1% 10 net 30". There are three important pieces of information combined into this one term: the discount percent (1%), the discount due date (10) and the overall due date (30). If you want to use any of these values to make calculations, they need to be separated from each other. To achieve this, you would use attribute associations.

Step 1: Create or find the list to choose from attribute

Once you have chosen the attribute values you want to set up, then you can add associated values.

Step 2: Create attribute associations

To associate something to the "1% 10 net 30" attribute, hit the link button on the right hand side of the attribute value line.

You will be brought to the following screen. This is where you will be able to add attributes that specifically describe the payment term "1% 10 net 30". To add attributes, click into the "select attributes to add" drop-down field.

In this situation, "discount days" and "payment days" were added.

In the payment term "1% 10 net 30" the discount days is 10 and the payment days is 30. So, those values were entered in the attributes.

Once you have added all the associated attributes, hit the accept button to confirm.

You will be brought back to the screen where you began to enter the attribute values for the "payment terms" attribute. You'll notice that there is a blue triangle to the left of the attribute value "1% 10 net 30". This indicates that there is an associated attribute to this value.

Step 3: Continue creating your attribute

Once you have entered all the associated attributes, you can proceed with creating the attribute by hitting the proceed button.

What's Next?

Now that you have created your payment term attributes and have associated them with the proper calculation requirements, you may need a handy rule to help use those attributes on your financial transactions such as invoices and credits. For help setting up rules, please contact your services team at
    • Related Articles

    • How to add options to the payment type attribute

      ParagonERP comes standard with certain attributes; one of which is the payment type attribute. This attribute is mandatory on the receive payment and make payment modules. In this article, we'll show you how to add payment types to your payment ...
    • Payment register report

      Introduction A payment register is the report used to record all of the checks, cash payments, and outlays of cash during an accounting period. This register usually has columns to include the dates, check number, payee, account names used, and the ...
    • Creating make payments

      Introduction Payments (which can take the form of checks, cash, wire transfers, etc.) are transactions that reflect payments made to suppliers. These payments are often generated based on earlier transactions that have been sent from suppliers and/or ...
    • Set up your company information

      Introduction Before starting anything, you should store relevant information about your company, or how you want things to look. Luckily,  Paragon stores all these settings in My Company, where all the changes and necessary configurations can be ...
    • How to set up attribute filtering

      In Paragon, you can display information based on the selection of certain attributes. For the following example, we show how you can only display women's sizes under the size drop-down when your product scale is women. Step 1: Enter attribute setup ...