Announcement:
wanna exchange links? contact me at sapchatroom@gmail.com.
Posted by
Admin at
Reply from Roy B on Sep 9 at 9:08 AM Can I weigh in with my two-pennyworth. It looks to me as if the OP wants to pay a 20% down payment at issue of the PO, i.e. before he receives an invoice. This would therefore be normal down payment processing. When the invoice comes for 100% it will show the vendor's payment terms and will be booked accordingly. If the payment program is correctly configured it will pay to terms less the down payment. Simple. No need for anything else, or am I missing something?
Regards,
Roy B.
| | | ---------------Original Message---------------
From: Vidhya Dhar
Sent: Saturday, September 08, 2012 11:10 PM
Subject: Schedule the Payment According to the Payment Terms in PO
Hi
You are basically right. However, the actual issue referred to by the OP
could be as follows:
*Scenario 01* : 20% advance is paid to *vendor A * immediately and the
balance 80 % paid , let us say ,after 30 days since it takes 30 days for
the vendor to dispatch the materials along with the vendor invoice (after
which accounting happens at the OP's end).
*Scenario 02* : 20% advance is paid to *vendor B * immediately and the
balance 80 % paid , let us say ,after 60 days since it takes 60 days for
the vendor to dispatch the materials along with the vendor invoice (after
which accounting happens at the OP's end).
I guess the OP wants to use a single common payment term which could apply
to both the vendors irrespective of whether he pays the balance within a
month ( to vendor A ) or within two months ( to vendor B ).
Though you are right in saying that the 80% balance should be made based on
provider conditions ( after accounting the invoice ) , here, I think , is a
case where the accounting of the invoice itself ( viz. provider condition )
varies with vendors ( 30 or 60 days ) and a single common payment term
without a stipulation in number of days is what the OP seems to want.
I find that creation of an installment payment term ( attaching generic
provider conditions such as advance payment and accounting of the vendor
invoice etc) is a possible solution which is not attached to a stipulated
time frame as number of days.
Regards
VidhyaDhar |
| Reply to this email to post your response. __.____._ |   _.____.__ |
