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author's profile photo Former Member
Former Member

change payment terms

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

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 18, 2008 at 06:47 AM

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

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  • Posted on Jan 18, 2008 at 07:04 AM

    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

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