Funky AR Terms Blank Title 131638

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1

I would set up a new terms code however  – our description is “50% Deposit, Balance Net 30” and treat it as 30 day terms.

 

We also have 25 and 40% terms. You can base your BPM on these  your new terms code.

 

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]
Sent: Thursday, July 31, 2014 11:29 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Funky AR Terms

 

 

My CFO wants me to create AR terms to require a 50% prepayment, with the remaining 50% on Net 30.

 

I've looked through the Terms program and Customer maintenance, but can't find a way that seems to work properly.

 

All I can think of is:

 

1. Set the customer up as Net 30;

2. Have a BPM notify our AR department to generate a Deposit Invoice when an order is received

3. Train them to change the terms on those Deposit Invoices to Cash In Advance

 

It seems a clunky solution... other suggestions?

 

Ernie Lowell

Diba Industries

2

My CFO wants me to create AR terms to require a 50% prepayment, with the remaining 50% on Net 30.


I've looked through the Terms program and Customer maintenance, but can't find a way that seems to work properly.


All I can think of is:


1. Set the customer up as Net 30;

2. Have a BPM notify our AR department to generate a Deposit Invoice when an order is received

3. Train them to change the terms on those Deposit Invoices to Cash In Advance


It seems a clunky solution... other suggestions?


Ernie Lowell

Diba Industries