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The information in this panel reflects the currently selected AR term. From here you can modify its details (fields will display a red left border if a value is required and purple text if the field is read-only and cannot be modified).

AR Term Fields and Options:

• Name: the a descriptive name for the AR term. Typically, this name will indicate which type of accounts the term applies to (e.g. Corporate, Partner, etc.)

• Payment Term: populated from the payment terms that have been configured. Select the payment term you would like to use for this AR term. Payment terms will only execute if the bill run that bills the account is configured with the 'Run Dunning Process' setting enabled

• Dunning Rule: populated from the dunning rules that have been configured. Dunning rules will only execute if they are configured on the AR Term and the bill run that bills the account is configured with the 'Run Dunning Process' setting enabled

• Default: if enabled, this the AR term will be the default for new accounts (automatically be selected in the AR Term dropdown field when creating a new account)

References tab

This section displays where the selected AR term is in use. By default, the reference data is displayed in a summary format, however the Entity drop down field can be used to view the exact entities that the term is configured on.

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