Core Financial Modules

[LAKCPA]

We have multiple customers with unique payment terms such as 50% down on sales order, 25% at shipment balance in 30 days.

I know how to do progress payments prior to invoicing to track customer deposits.  But once the invoice is created is there a way to have more than one due date on a single invoice for the additional extended terms of % at shipment and balance on a different day?

In order to have our cash expectations report correct with out needing to modify it in excell it would be wonderful if this was doable in MAS90 version 4.4.  I am not seeing how this is possible however. 

Any suggestions?

We have the same scenerio on the purchasing side when we purchase over seas.  they want a certain amount at shipment and then a balance. 

thanks!

Lynn-Anne Kocon, CPA

[DFeller]

There are two options to doing this:

1) Master developer enhancement.  (Although I think you would still need at a minimum 2 invoices.)

2) Multiple invoices (3 in this case).  One invoice would be for the initial down payment.  The second invoice would be for the shipment (inventory) and the third invoice would be for the remaining balance.  Invoice #1 gets generated up front, then invoices #2 and #3 go out on the same day but one is due immediately and the other is due in 30 days (different terms codes).

Dawn