I would set up a new terms code however Â â€“ our description is â€œ50% Deposit, Balance Net 30â€Â and treat it as 30 day terms.
We also have 25 and 40% terms.Â You can base your BPM on these Â your new terms code.
From: email@example.com [mailto:firstname.lastname@example.org]
Sent: Thursday, July 31, 2014 11:29 AM
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?