Split payment terms for Customers

[Former Member]

Hello Experts,

Can we do Split in payment terms for customers

Senario

1.Aging - Split payment terms, aging should be reflective of the payment agreed:

Term 1 = 10% 10 days term,

Term 2 = 20% 30 days term,

Term, 3 = 70% 60 days terms.

as the full payment is not due say from 30 days from invoice date

Thanks & Regards,

Afzar.

[HarshalVakil · Accepted solution]

Hello Afzar,

Payment terms is mainly used for the discount calculation.

for example : if the payment is made in 10 days, 20% discount, 20 days 5% discount and net amount due after 30 days.

as I understand you would like to split the payment for the transaction as agreed with the partner. To achieve this, you can split the open item (Within customer /supplier account monitor) and assign respective net due date based on the agreement to each split item.

For example :

Invoice of 1000 INR.

You could split this open invoice as below

100 INR -> Net due 10 days

200 INR -> Net due 30 days

700 INR -> net due 60 days

Since the open item is split into three transactions, Aging list will also shows the amounts accordingly.

Can you check this.

I hope this information will help you.

Regards,

Harshal

[Former Member · Accepted solution]

Hi Harshal,

Thanks for your quick response, could you let me know from where or how this can be done in supplier or customer account monitor.

Thanks & Regards,

Afzar.

[HarshalVakil · Accepted solution]

Hello Afzar,

In customer /supplier account monitor, Select the open item. Click on action and select Split Open item. In following screen, enter the details as required and click on post.

Regards,

Harshal

[Former Member · Accepted solution]

Thanks Harshal. It works

Regards,

Afzar.