change payment terms

[Former Member]

Hi,

How do i change payment terms for an invoice after few installments have been made.

ex.Lets say there is an invoice for Rs 500 and the number of installments to pay it is 2 250 for the first installment and 250 for second installment.The first installment is made,Now the customer wants to change his installments to 3 for the remaining amount.Can this be donw in SBO.

Thanks in Advance

[former_member1190345]

Dear Vikas,

Yes I beleieve this can be done.

Initially you set up the 2 Installments in the payment Terms Table and carry on with your Transactions like the Sales Order and the Delivery and create the A/R Down Payment invoice for say 50% and then make the payment for this 50% Amount WRT the A/R Down Payment Invoice. Now while you are creating the final A/R Invoice for the remaining amount in the accounting Tab go to the payment terms tab change the Installments to 3 and eneter the other relevant data. After this is done go to the Installmant tab and chane the Installments to 3.

Hope this is helpful.

Nagesh

[former_member583013]

Payment terms of an invoice with Payment already received cannot be changed

[Former Member]

Hi Suda,

Is there anny possible way to customize this.

[former_member583013]

Once a document is posted, the Payment terms cannot be changed.

The only thing related to this that can be changed is the DueDate on the Invoice.

Nothing else can be done.

Suda