G23 Terms of Sale
To specify the terms of sale
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code identifying type of payment terms.
Code identifying the beginning of the terms period.
Date from which payment terms are calculated.
Code identifying the method to be used for payment in conjunction with due date.
Terms discount percentage, expressed as a percent, available to the purchaser if an invoice is paid on or before the Terms Discount Due Date.
Date payment is due if discount is to be earned.
Number of days in the terms discount period by which payment is due if terms discount is earned.
Date when total invoice amount becomes due.
Number of days until total invoice amount is due (discount not applicable).
Total amount of terms discount.
Amount of invoice due if paid by terms discount due date (total invoice or installment amount less cash discount.)
Amount upon which the terms discount amount is calculated.
Deferred or installment portion of the total invoice (including charges, less allowances) before terms discount (if discount is applicable).
Amount of invoice payable expressed in percent.
Free-form text.
G2315, Description, is required if the terms type code used for G2301 is "Other". If G2301 = "04" then either G2313 or G2314 is required.
If G2301 = "11" then G2304 is required. If G2301 is not = "05" then (G2305 or G2310) and (G2306 or G2307) is required. Multiple use of this segment when G2301 = "04" always implies an "AND" relationship.
"06" or "11" always implies an "OR" relationship.
The installment group indicator is a 2-digit serial number beginning with 01 (i.e., 01, 02, 03 or 04). It is used to group ``elective'' terms types in an installment payment situation. The same indicator must be used for all segments in the same installment.
When "Elective" terms are offered in a "deferred or installment" situation, G2316 (Installment Group Indicator - DE713) must be used to properly group the terms within each installment.