To create a terms code that allows split payments:Use the Split Payment screen to create a terms code that allows split payments for an order by assigning other previously defined terms codes to certain percentages of the order.
For example, you create a terms code, and assign one terms code that allows payment for 50% of the order to be due in 30 days and another terms code that requires payment of the other 50% to be due in 60 days. When the new terms code is assigned to an order, the invoiced order is broken into two different generations, based on the percentages of the terms code assigned to each generation. This allows the customer to spread their payment of an invoice over two months without being penalized. In addition, when you create a split terms code, the change log indicates that this change was made.
To create a terms code that allows split payments:
From the Files menu, select Terms to display the Terms Maintenance screen.
Follow the procedure for Creating or Editing Terms Codes.
Before you press Esc, use the Split Payment hot key to display the Split Payment screen.
In the TermsCode column, press F10 and select from the list of terms codes.
Press Enter.
In the Percent column, enter the percentage of the invoice that you want to be connected with that terms code. For example, for terms code 1210, which has a due date of 30 days after shipment is received, enter 50 to have 50% of the invoice amount due in 30 days.
Continue with steps 3 through 5 until the total of the Percent column equals 100%.
When you are finished creating split payments, press Esc to save the information and exit the screen.
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