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Managing sales orders with payment terms = letter of credit

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Managing sales orders with payment terms = letter of credit

Post by JohnH » 30 Aug 2019, 12:04

How do I set up a Sales order with payment terms = letter of credit or cash with order or proforma in such a way that other business functions (production and purchasing) do not incur cost against the order until payment has been received? We run both Sage50 Accounts and Sage50 Manufacturing.

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Sage Version: v2017 23 UK/Europe/Africa

Re: Managing sales orders with payment terms = letter of credit

Post by brucedenney » 03 Sep 2019, 14:51

I suggest that the way to do this is to enter the order as a quotation, only when the quotation is "won" will it become a sales order and available to Manufacturing to order and process and plan.

You do need to set quotations to be based on Sales Orders rather than Invoices for this to work.
Settings>Invoice and Order Defaults>General about half way down look for "Convert quotes to" and select Sales Orders in the adjacent drop down box.
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