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Definition Payment Term

edited May 12, 2020 10:10PM in Payables, Payments & Cash Management 8 comments

Summary

Definition Payment Term

Content

Hello,

We have defined "6 Installment" in the Test environment. We have defined the first four as 16.67 and the last two as 16.66, as 100% of them divided by 6 is 16.666666666666667. If we gave them 16.67, it would be 100.02 in total.

Then, we entered a 360 amount an invoice entry and checked the amounts it generated from the Manage Installment screen. Normally our expectation was to make 360 amount as 60 amount. However, it creates as attached file. This is actually wrong for us. We have to define the installment in such a way that it actually meets our need. We couldn't do it. If we define in this way, we think that the aging will be erroneous. As the invoice amount grows, the difference will increase.

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