1
Process customization for payment
STATUS DETAILS
New
Comments
- Using payment days and payment schedules we can define fairly flexible payment calendars in multiple installments.
- For example using payment schedule we can set the first payment to start next month, or two months from now. The feature we are suggesting is to have and additional option of providing a specific fixed month as the starting the first payment.
- As a concrete example, it is typical in the agriculture industry for customers to start paying only once the harvest starts (specific month).
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- In addition in this feature, it would be useful to have a range of months where the start month is applicable.
- For example if sales is done between March and August, then the payment schedule need to start in November. From September to the next February it would revert back to currently existing functionality. It could be modeled as a base terms of payment with an optional alternate terms of payment.
- For example the terms of payment could be starting on a specific month and have an applicability range, and an alternate terms of payment when we are outside of the applicability range
Category: General Ledger