Payment Terms

[dale_draper]

We are invoicing a customer this month where we wish to split the invoice
into 14 buckets each due the 1st of the following month, starting with the
1st payment due March 1st, each payment to becom overdue 30 days after due
date. Because I am attempting to use a proximate date, I am a bit unsure
which fields need to be populated.

Would this be correct in this case?:

Action Code. . . . . . . . . . I
Payment Terms. . . . . . . . .

Description. . . . . . . . . .
Discount % . . . . . . . . . .
Discount Days. . . . . . . . .
Net Days to Pay. . . . . . . .
Number of Split Payments . . . 14
Days To Pay Aging. . . . . . . 30

Due Date . . . . . . . . . . .
Prox Date Month/Day. . . . . . 01 / 01


Thank you,

Dale

 

[adcaswell]

Dale,

I've never tried this degree of a split but I can tell you that the lack of
a value in the Net Days To Pay will cause the 1st invoice to be generated
immediately. If you want that 1st invoice gen'd in the future (say, 30
days) you need a value there.

Alan Caswell
Alan Caswell Consulting
Cell: 206-799-8823
EM: [email protected]