(A/R Pro users only)
POS Dated Billing allows the Sales Rep to negotiate dated billing for a sale and to quickly calculate the future due date(s) based upon a future start date and the customer terms. The system quickly and easily calculates installment payments for a sale, order, or special order. Accessed from the Totals screen in POS/Order Entry, POS Dated Billing allows authorized clerks to collect a down payment from the customer (optional), and specify the due date for the first payment. Then, the clerk enters either an installment amount, or the number of payments into which to divide the total transaction amount. In either case, the system calculates the number that is NOT entered. For example, if the clerk enters an installment amount of 100.00 on a sale of 900.00, the system calculates that nine payments of 100.00 must be made (less any down payment that was given) to pay off the transaction.
Only the customers you specify in Customer Maintenance are eligible for Dated Billing, and only clerks with proper security can select Dated Billing in POS. If a customer wants to pay future installments, you can easily adjust due dates in Open Item Maintenance (MOI).