Set Special Payment Terms on customer’s invoices
For example, a customer may purchase a piece of equipment and be given 12 month payment terms to pay off the invoice in instalments at a specified amount each month.
New UDFs populated to Customer to save invoices with special payment terms
DR Special Payment Terms (Y/N) and DR Statement Note (details of invoices with special payment terms defined).
New fields have been made available to Alerts and Approvals module
This allows specific approvals to be created associated with special payment terms use.
No changes to Customer Maintenance – aging continues to be based on document date or payment date on the Invoice header depending on your aging method
No changes to Transactions tab – the invoice will still show as one line with the payment date being the date defaulted/entered on the invoice tab at the time the AR Invoice is generated.