MULTIPLE PAYMENT TERM IN SINGLE INVOICE

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Posted on by Community Member

Hi All,

Does this feature now available in NAV 2016 version?
We always offer our client who order from us an inventory items such multiple payment terms.
Like this, 50% upon delivery and 50% net 30 from delivery, usually this is the term.

Can we customize and apply this in a single SO and invoice.

This feature is very useful to have proper cash flow report.

thanks

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Indikauk 1,759 on at

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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

HI Graxe

What i mean by partial Payment Invoice is if you have one Sales order and for that sales order if you are going to Invoice More than 1 Invoice then each Invoice you can have 1 payment Term for Sales Sales Order as example Sales Order 1 you Can Invoice with Payment Terms 50% Upon Delivery, Next with 50% net ect.

In Summary 1 Invoice Can Have One Payment Term for Item or Service and if you need multiple payment terms for 1 sales order then at least you have split invoice based on the Payment Terms.

Thanks

Indika.
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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Hi Indika,

Okay but is partial invoice applicable for inventory items?

What if the item is 1 server, can we make partial invoice on this? note that qty can't be split.
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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Hi Ashwini,

Thanks but I could not split and inventory. Note that what's on our PO will also be out in the SO and invoice.

Please comment.
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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Hi Indika,

Thanks for your respond. Partial invoice is applicable on inventory items?

For service invoice, that's fine but for inventory I don't think so as we can't split an inventory like hardware, servers etc.

Please comment.
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Ashwini Tripathi 4,624 on at

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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

No this feature not available in Std. also customization not suggested. How ever as suggested you can have customization to create 2 seperate Invoices to get this achieved.
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Indikauk 1,759 on at

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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Hi Graxe

With Default Nav This is Not possible because 1 Invoice Can Have Only 1 Payment Method (Payment Method is Linked to your Due Date Calculation) so it will support only One.

but if you have 1 Sales Order and if you do Partial Invoice and you can select Payment Method Per Invoice example 1st invoice you can say 50% Advance 2nd You can have 50% upon Delivery etc.

if you need Multiple Payment method for 1 invoice then you need to go for a Customization

Thanks

Indika.
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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Thanks, Alexander.

Will consult this.
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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Thanks, Rabindra.

We will do customization and will update you.

Since this is part of the header data of the invoice, we will need to setup the term we required to apply in the single invoice. Hopefully it will calculate properly to get precise cash flow forecast.
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Rabin 2,976 on at

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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

Hi Graxe,

It is not available in NAV 2016 but it can Customized/Developed.

Try to check Spanish version of Navision. This has a granule called Catera that possibly will help you understand how it can be achieved...
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Alexander Ermakov 28,094 on at

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RE: MULTIPLE PAYMENT TERM IN SINGLE INVOICE

If you are talking about the schedule of partial payments for one invoice, it is not possible, as there is one Due Date field in the header of the invoice. The system is capable of handling prepayments and a postpayment with one deadline (however there might be numerous postpayments applied to the invoice).

If you want to achieve this by standard tools, you would need to post two different invoices with the same invoice number and different amounts (50/50 like in your case), but with a different due date on each.

But, this functionality can be relatively easy customized by adding a schedule of payments table to the posted invoices, you can consult with your partner on this.