MULTIPLE PAYMENT TERM IN SINGLE INVOICE

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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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Jatin Patel 2,641 on at

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No, it is not available in NAV 2016.

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Community Member on at

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Thanks!

Do you have idea in which software this feature is available except from oracle and sap.

Software which is cheap and mostly for SME only.

Currently, Im using quickbooks but not available also.

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Alexander Ermakov 28,096 on at

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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.

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Rabin 2,976 on at

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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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Community Member on at

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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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Community Member on at

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Thanks, Alexander.

Will consult this.

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Indikauk 1,759 on at

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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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Ashwini Tripathi 4,624 on at

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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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Community Member on at

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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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Community Member on at

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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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