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Bill Payment - Paying 1/3 of a PO even though all of the goods are received.

  • July 11, 2024
  • 1 reply
  • 34 views
L
Jr Varsity II
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SWK (our solutions provider) has mentioned multiple times that Acumatica has the ability to accomplish split payments on Purchase Orders. 

Example we receive 10 items into inventory. The total for that PO is $14,010.00

We have a vendor where we make payments on that particular PO in 3rds.

If we received the inventory in July and our first payment due for that order is August 10th in the amount of $4670.00. Next payment will be September 10th $4,670.00 and August $4,670.00 completing the total payment for that invoice. 

 

How do we accomplish this?

Best answer by Laura03

Hello,

Here is an example of installment Credit Terms with 1/3 Prepayment, 1/3 due in 30 days, and 1/3 due in 90 days.

Laura

    robk20
    Laura03

    1 reply

    Laura03
    Captain II
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    • Laura03
    • Captain II
    • Answer
    • July 11, 2024

    Hello,

    Here is an example of installment Credit Terms with 1/3 Prepayment, 1/3 due in 30 days, and 1/3 due in 90 days.

    Laura

    ~ Laura Barber, WM Synergy
    Chris Hackett
    L
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