I don't do it but I spoke to our A/R person and she says she just makes a sales order with the price = zero. We need to invoice these to get the job costs for the sample linked to the customer. She says that as soon as the invoice is created with a zero total it automatically closes. So with either zero for a price or netting out to zero after discount the invoice would close and the elapsed days woud be zero. We have one customer we are developing a bunch of different parts for and have sent a lot of samples to who also tends to pay really slowly (don't they all?) and all the zero days were changing the average from what should be 105 down to 54.
-Todd C.
-----Original Message-----
From: Rick Schatz [mailto:rschatz@...]
Sent: Friday, December 17, 2004 2:51 PM
To: vantage@yahoogroups.com
Subject: Re: [Vantage] A/R Average Days to Pay - Wrong?
Hello Todd, What is your process to $0.00 invoice? We do this quite a bit also, we are entering $.01 and then doing a $.01 Discount to get the $0.00, I'm wondering if this also is affecting the average?
Rick Schatz
Quala-Die, Inc.
-Todd C.
-----Original Message-----
From: Rick Schatz [mailto:rschatz@...]
Sent: Friday, December 17, 2004 2:51 PM
To: vantage@yahoogroups.com
Subject: Re: [Vantage] A/R Average Days to Pay - Wrong?
Hello Todd, What is your process to $0.00 invoice? We do this quite a bit also, we are entering $.01 and then doing a $.01 Discount to get the $0.00, I'm wondering if this also is affecting the average?
Rick Schatz
Quala-Die, Inc.
----- Original Message -----
From: Todd Caughey
To: vantage@yahoogroups.com
Sent: Friday, December 17, 2004 3:07 PM
Subject: [Vantage] A/R Average Days to Pay - Wrong?
Anyone else ever noticed (or reported to Epicor) that the Customer Invoice Aging screen calculation for Avg. Days to Pay includes no-cost invoices. We send a lot of samples at no cost and for these types of invoices they close immediately. So the elapsed days from invoice to closed is zero. This seriously distorts the average.
It would be a simple test in calculating the average to exclude the zero amount invoices. Is there any reason why anyone would want these in the average (besides the customer I mean)? If not I'll ask Epicor to create a system change request (probably never to be seen until 8.x) if they don't already have one (in which case I'll jump on board).
Todd Caughey
Harvey Vogel Mfg. Co.
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