EDI Payment Terms start on the value provided in the data element ITD02: Terms Basis Date Code ITD02 (data element 333) is the Code identifying the beginning of the terms period. In the ITD segment below the value in ITD02 is 2 which means payment terms start on Delivery Date ITD*01*2*1.5**15**30 Complete List of Terms … Read More →
Code identifying type of payment terms. The 810 Invoice is the most popular EDI transaction after the 850 Purchase Order. Both of these transactions offer a segment (ITD) which can be used to transmit terms of sale data elements. The ITD01 data element is used to convey the payment terms code. The following four codes … Read More →
EDIFACT Terminology, Glossary and Notes EDIFACT Terminology described in today’s post covers terms and definitions that were mentioned in our blog many times before. Let us remind that EDIFACT is the product of the evolution in bringing the Proprietary Standards of the US and Europe together to form a single international EDI standard. Before speaking about EDIFACT … Read More →