Use the Payment conditions form to specify the payment conditions used at your company. This may be purchase conditions or sales conditions. Payment conditions are used for customers and suppliers. Documents on which payment conditions are printed include order confirmations, invoices, purchase orders.
The payment condition specified on a customer or supplier card is printed automatically on offers and orders issued to customers and purchase orders sent to suppliers. The field value can still be modified here.
For the Sales department you can specify a payment discount or credit charge along with a payment condition. For example, for a payment discount you could specify that a customer will get a 2% discount if the invoice is paid within 10 days. Similarly, you could specify that a customer will have to pay a 2% penalty if the invoice is not paid within 10 days. The relevant payment condition is posted at the time the invoice is posted.
Tip: In the General Settings module, you can specify a default value for this field that applies to all customers and/or suppliers. This value will then be filled in automatically when a new customer or supplier is added. You can modify the default value of the field at any time if you want to use another value for a particular customer or supplier.
Use this field to specify the type of payment condition:
A payment condition based only on a period ('Payment')
A payment condition providing for a credit charge, or
A payment condition providing for a payment discount.
If your company uses a credit charge or payment discount, specify the period and the amount of the charge or discount in the Period and Percentage fields.
The relevant payment condition is posted at the time the invoice is posted.
You can fill in this field only if you have chosen 'Credit charge' or 'Payment discount' in the Type field.
Credit charge period
This is the period after which the credit charge specified applies: If the debtor has not paid the invoice within this period, the credit charge will be applied. The sum is posted at the time the invoice is posted.
Discount period
This is the period within which the payment discount is valid: If the debtor has paid within this period, the discount will apply. The sum is posted at the time the invoice is posted.
This field contains the methods available for calculating the due date, such as 'Invoice date plus number of days'. The number of days used for these calculations are shown in the Payment period field.
Note: Not all financial applications handle due dates in the same manner, and they do not always support all of the options available in Isah. Refer to the documentation supplied with your financial application for information about the options.
You can fill in this field only if you have chosen 'Credit charge' or 'Payment discount' in the Type field.
Credit percentage
This is the penalty percentage charged if the invoice is not paid within the credit charge period. The percentage is calculated on the total invoice sum to which the payment condition applies. The sum is posted at the time the invoice is posted.
Discount percentage
This is the discount given to the debtor if the invoice is paid within the discount period. The percentage is calculated on the total invoice sum to which the payment condition applies. The sum is posted at the time the invoice is posted.
You can fill in this field only if you have chosen 'Credit charge' in the Type field. The VAT code is used to calculate the correct VAT sum when the credit charge is posted.
You can fill in this field only if you have chosen 'Credit charge' in the Type field. This is the ledger account to which the credit charge is to be posted. The field is relevant only if Isah is linked to a financial application.
Type