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Installment for sales order

  • 1.  Installment for sales order

    Posted Jul 15, 2019 10:20 AM
    We are looking to have the Installment for sales order for example
    1-50% before Production
    2-25% before Shipping
    3-25% After shipping
    we are using the prepayment in the system but need to record those installments in the system but attached it to a sales order.
    is there are way that we can
    1-Send customer a request of invoice to pay 50% ….
    2-Receive the payment against the sales order.

    Ray Soliman
    ERP Manager
    Argus Machine Co. Ltd.
    Edmonton AB

  • 2.  RE: Installment for sales order

    Posted Jul 16, 2019 07:39 PM
    I assume you only want to recognize revenue once the order is shipped?

    In such case I would consider creating 2 service items: "50% advance before production" and "25% advance before shipping" (set to post revenue into "unearned revenue) One suggestion I would have is to create

    then add positive line (with quantity of 1) to charge the 50%, then another line to charge the 25%, and 2 identical lines with quantity of -1.

    first you invoice the 50% line
    then you invoice the 25% line
    then you invoice all the other order lines + 2 negative lines - this will reverse your unearned, post to revenue, and generate an invoice to the customer for the remaining 25%.

    Zvika Rimalt
    Functional Consultant
    Vancouver BC


  • 3.  RE: Installment for sales order

    Posted Jul 17, 2019 10:31 AM
    Hi, Ray

    I apologize in advance if you are looking for core functionality for this, as it does not exist as far as payments are concerned.  We can provide a product that will accomplish this, however.  You can send the customer a link via email or text to pay (via Credit Card, Bank Wire or ACH) on a customer portal hosted by you in Microsoft Azure.   Once the customer pays, AX/D365 is updated to reflect the payment and is applied to the order.  Prior to shipping (whether at Warehouse Shipping or Packing Slip) we can send another request for payment and then finally a last request after shipping.

    The solution is PCI-DSS validated.  It can also provide two-factor authentication for the customer and supports Canadian processors such as Moneris (if that's interesting).  You can PM me if you are interested or, in the alternative that this is not what you are looking for, please ignore me.

    Patrick Hodo
    Chief Technical Officer
    Red Maple
    boerne TX


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