Term Codes

Term codes (ARUPCD, Term tab) are the fundamental increments of time in the AR subsystem. They are user-definable and quite flexible in their implementation. Terms are used in the AR subsystem as a means by which to group detailed transaction data within user definable time intervals.

Term codes may not be applicable to all sites. It is required, however, to have at least one term set up. If you do not want to set up a term for each fiscal year, you can create a single term and the value can be "T" for term. This setup allows for a very generic term value. Some sites, such as universities, may wish to break up the fiscal year into semesters, such as spring, fall, and summer.

Term codes also define the default term account category values that will be used when receivable accounts are added to a term for the first time. As with the account category values, the term account values are required to be defined via the ARUPCD page, Category tab, prior to their use. Term codes also define the default term account numerics that all new accounts will be initialized to.