PAYMENT TERMS

[Former Member]

Hi all

What is the practical significance of the payment terms? I mean what haapens practically, if a customer does not pay as per his payment term? how it is used to keepa check on customer payments?

Say a customer's payment terms is that he should pay all the money for this order within 30 days. Wat happens if he does not pay within 30? It must impact on the sales order right? how?

-Prashant

[Former Member]

i am afraid it was answered yesterday. tell me what more u want?

regards,

seshu.

[Former Member]

Hi Seshu..

firstly Thank you for your yesterday's reply. That helped .

But I m looking for more. Actually.. I m developing credit management for my client. I wanna use the payment terms for them into the credit management.

We wanna allow our customers to pay their overdue amounts differently. Say after credit limit is reached, some shud pay that in 30 days, some in 60days.... And till this time we would allow them to book new orders.

So i was thinking how can i use the payment terms for this?

Can u help me?- I ll b really grateful. Thx

-Prashant

[Former Member]

y dont u use automatic credit control in credit management in that case

seshu.

[Former Member]

yeah ,,, i ll b using that. Just checking out different options.

Thanks for your help. Due to technical problem, m not bale to assign u point. Will do it soon.

Happy Diwali to u n family.

Warm Regards,

Prashant