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

  • 11 July 2024
  • 1 reply
  • 16 views

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?

1 reply

Badge +18

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

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