PYT Historical Payment Terms

To specify payment terms provided by a vendor to an entity over a historical period

Position: PYT-01 · Element: 386 · Name: Terms Net Days · Type: Numeric (N0) · Requirement: Conditional · Min: 1 · Max: 3 · Repeat: 1

Number of days until total invoice amount is due (discount not applicable)

R0102: At least one of PYT-01 or PYT-02 is required

Position: PYT-02 · Element: 336 · Name: Terms Type Code · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

Code identifying type of payment terms

PYT02 further expands terms net days or provides general term comment.

Position: PYT-03 · Element: 765 · Name: Day of Month · Type: Numeric (N0) · Requirement: Optional · Min: 1 · Max: 2 · Repeat: 1

The numeric value of the day of the month between 1 and the maximum day of the month being referenced

C0302: If PYT-03 is present, then PYT-02 is required

PYT03 is day of the month payment is due in the month following the invoice.

PYT03 is only used when PYT02 is "33".

Position: PYT-04 · Element: 338 · Name: Terms Discount Percent · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 6 · Repeat: 1

Terms discount percentage, expressed as a percent, available to the purchaser if an invoice is paid on or before the Terms Discount Due Date

PYT04 is the low end of terms discount if a range exists.

Position: PYT-05 · Element: 338 · Name: Terms Discount Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 6 · Repeat: 1

Terms discount percentage, expressed as a percent, available to the purchaser if an invoice is paid on or before the Terms Discount Due Date

C0504: If PYT-05 is present, then PYT-04 is required

PYT05 is the high end of terms discount if a range exists.

Position: PYT-06 · Element: 336 · Name: Terms Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code identifying type of payment terms

C0604: If PYT-06 is present, then PYT-04 is required

PYT06 provides the terms required to obtain discount.

Position: PYT-07 · Element: 351 · Name: Terms Discount Days Due · Type: Numeric (N0) · Requirement: Conditional · Min: 1 · Max: 3 · Repeat: 1

Number of days in the terms discount period by which payment is due if terms discount is earned

PYT07 is the low end of discount days offered if a range exists.

Position: PYT-08 · Element: 351 · Name: Terms Discount Days Due · Type: Numeric (N0) · Requirement: Optional · Min: 1 · Max: 3 · Repeat: 1

Number of days in the terms discount period by which payment is due if terms discount is earned

C0807: If PYT-08 is present, then PYT-07 is required

PYT08 is the high end of discount days offered if a range exists.