Page 1 of 1
Invoice payment terms
Posted: 09 Sep 2009, 15:17
by lmc1812
Hi,
Does anyone know if it is possible to mark invoices with different payment terms so that it ages the invoice according to due date in Sage Line 50?
I have some invoices which we are raising which have specific payment terms and would like to be able to identify these and show these separately.
I am runnning Sage Line 50 V12.
Thanks
L
Re: Invoice payment terms
Posted: 16 Sep 2009, 15:36
by brucedenney
es, you can set, "terms" on the customer record, which are the words printed on invoices and you can set due days, which are used to calculate the date it is due.
The only issue is that this is applied per customer not per invoice.
However, it is fixed, so if you apply a 10 day due date to a customer and enter an invoice into the ledger (or update from invoicing) the due date will be set and you can alter the due date on the customer record for the next invoice.
It is possible to create a tool that would re-date the due date of invoices, based on criteria using the integration tools we have, however, the cost of this would probably outweigh the benefit.
Re: Invoice payment terms
Posted: 25 Sep 2009, 15:50
by lmc1812
Hi,
We have a separate system that we produce our sales invoices and print our invoices from. I then input the sales invoices onto Sage for bank control & credit control purposes. I was really looking to see if it could be done on an invoice basis rather than a customer basis, as we are agreeing specific terms on certain jobs and I was hoping to reflect this on Sage.
Do you know if it is possible in the 2010 version as I've seen that it has improvements to the credit control management? (we are currently looking to upgrade from V12).
Thanks
L
Re: Invoice payment terms
Posted: 25 Sep 2009, 16:55
by brucedenney
2010 does not do this.
However.....
Because you are creating invoices externally, it would be possible to create an integration tool, that could post invoices into sage an apply different due dates (assuming they are available in your external invoicing system)
The cost of this would be in the region of £400 but it would automate the transfer of invoices between the system and put an end to rekeying as well as giving you your custom due dates.