Create payment milestones/schedule for Sales/Purchase Order

[Derek Lew-2]

Hi,

 

Is it possible to create payment milestones for the Sales/Purchase Order.
E.g. 20% down payment, 80% upon delivery.  Or quarterly payments.

 

Best regards.
 
Derek Lew

 

[taher]

Hi Derek,

Look at payment terms on the invoice.

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 3:28:22 PM
Subject: Create payment milestones/schedule for Sales/Purchase Order

Hi,



Is it possible to create payment milestones for the Sales/Purchase Order.
E.g. 20% down payment, 80% upon delivery. Or quarterly payments.



Best regards.

Derek Lew

[Derek Lew-2]

Hi Taher,

I am looking at Sales/Purchase Order, not yet reaching the invoice stage.

Derek

-----Original Message-----
From: Taher Alkhateeb [mailto:[hidden email]]
Sent: Wednesday, 7 October 2015 8:34 PM
To: [hidden email]
Subject: Re: Create payment milestones/schedule for Sales/Purchase Order

Hi Derek,

Look at payment terms on the invoice.

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 3:28:22 PM
Subject: Create payment milestones/schedule for Sales/Purchase Order

Hi,



Is it possible to create payment milestones for the Sales/Purchase Order.
E.g. 20% down payment, 80% upon delivery. Or quarterly payments.



Best regards.

Derek Lew

[taher]

Hi Derek,

Entering the payment terms is part of the order entry. You can investigate the screens and check it out on demo.

Cheers,

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 6:09:20 PM
Subject: RE: Create payment milestones/schedule for Sales/Purchase Order

Hi Taher,

I am looking at Sales/Purchase Order, not yet reaching the invoice stage.

Derek

-----Original Message-----
From: Taher Alkhateeb [mailto:[hidden email]]
Sent: Wednesday, 7 October 2015 8:34 PM
To: [hidden email]
Subject: Re: Create payment milestones/schedule for Sales/Purchase Order

Hi Derek,

Look at payment terms on the invoice.

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 3:28:22 PM
Subject: Create payment milestones/schedule for Sales/Purchase Order

Hi,



Is it possible to create payment milestones for the Sales/Purchase Order.
E.g. 20% down payment, 80% upon delivery. Or quarterly payments.



Best regards.

Derek Lew

[Derek Lew-2]

Hi Taher,

Thanks.

Correct me if I am wrong, the payment term is for after the issue is sent.  E.g. 30 days term, meant to be payment after 30 days of receiving invoice.

However, payment milestones are talking about quarterly payment, percentage payment etc.  

E.g. an order of $1M, can be paid in quarterly, so in Jan, Apr, Jul, Oct, $250K would be invoiced.  The customer would pay in 30 days (assuming if 30 days term), after the receipt of invoice.

Once again, thank you for your response.

Derek

-----Original Message-----
From: Taher Alkhateeb [mailto:[hidden email]]
Sent: Thursday, 8 October 2015 2:15 AM
To: [hidden email]
Subject: Re: Create payment milestones/schedule for Sales/Purchase Order

Hi Derek,

Entering the payment terms is part of the order entry. You can investigate the screens and check it out on demo.

Cheers,

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 6:09:20 PM
Subject: RE: Create payment milestones/schedule for Sales/Purchase Order

Hi Taher,

I am looking at Sales/Purchase Order, not yet reaching the invoice stage.

Derek

-----Original Message-----
From: Taher Alkhateeb [mailto:[hidden email]]
Sent: Wednesday, 7 October 2015 8:34 PM
To: [hidden email]
Subject: Re: Create payment milestones/schedule for Sales/Purchase Order

Hi Derek,

Look at payment terms on the invoice.

Taher Alkhateeb

----- Original Message -----

From: "Derek Lew" <[hidden email]>
To: [hidden email]
Sent: Wednesday, 7 October, 2015 3:28:22 PM
Subject: Create payment milestones/schedule for Sales/Purchase Order

Hi,



Is it possible to create payment milestones for the Sales/Purchase Order.
E.g. 20% down payment, 80% upon delivery. Or quarterly payments.



Best regards.

Derek Lew

[Jacques Le Roux]

You may define specific agreement terms to handle "quarterly payment, percentage payment, etc. "

I'd refer to Silverston's book vol I, where the data model used by OFBiz is defined:
https://cwiki.apache.org/confluence/display/OFBADMIN/OFBiz+Related+Books

Of course related specific code needs also to be introduced. At least you have a data-model/existing-code framework to help you doing so
Of course have also a look at the OOTB demo data to get you on the right track.

HTH

Jacques

Le 08/10/2015 02:26, Derek Lew a écrit :

> Hi Taher,
>
> Thanks.
>
> Correct me if I am wrong, the payment term is for after the issue is sent.  E.g. 30 days term, meant to be payment after 30 days of receiving invoice.
>
> However, payment milestones are talking about quarterly payment, percentage payment etc.
>
> E.g. an order of $1M, can be paid in quarterly, so in Jan, Apr, Jul, Oct, $250K would be invoiced.  The customer would pay in 30 days (assuming if 30 days term), after the receipt of invoice.
>
> Once again, thank you for your response.
>
> Derek
>
> -----Original Message-----
> From: Taher Alkhateeb [mailto:[hidden email]]
> Sent: Thursday, 8 October 2015 2:15 AM
> To: [hidden email]
> Subject: Re: Create payment milestones/schedule for Sales/Purchase Order
>
> Hi Derek,
>
> Entering the payment terms is part of the order entry. You can investigate the screens and check it out on demo.
>
> Cheers,
>
> Taher Alkhateeb
>
> ----- Original Message -----
>
> From: "Derek Lew" <[hidden email]>
> To: [hidden email]
> Sent: Wednesday, 7 October, 2015 6:09:20 PM
> Subject: RE: Create payment milestones/schedule for Sales/Purchase Order
>
> Hi Taher,
>
> I am looking at Sales/Purchase Order, not yet reaching the invoice stage.
>
> Derek
>
> -----Original Message-----
> From: Taher Alkhateeb [mailto:[hidden email]]
> Sent: Wednesday, 7 October 2015 8:34 PM
> To: [hidden email]
> Subject: Re: Create payment milestones/schedule for Sales/Purchase Order
>
> Hi Derek,
>
> Look at payment terms on the invoice.
>
> Taher Alkhateeb
>
> ----- Original Message -----
>
> From: "Derek Lew" <[hidden email]>
> To: [hidden email]
> Sent: Wednesday, 7 October, 2015 3:28:22 PM
> Subject: Create payment milestones/schedule for Sales/Purchase Order
>
> Hi,
>
>
>
> Is it possible to create payment milestones for the Sales/Purchase Order.
> E.g. 20% down payment, 80% upon delivery. Or quarterly payments.
>
>
>
> Best regards.
>
> Derek Lew
>
>
>
>
>
>
>

[Jacopo Cappellato-5]

Hi Derek,

please see my comment below:

On Thu, Oct 8, 2015 at 2:26 AM, Derek Lew <[hidden email]>
wrote:

>
> E.g. an order of $1M, can be paid in quarterly, so in Jan, Apr, Jul, Oct,
> $250K would be invoiced.  The customer would pay in 30 days (assuming if 30
> days term), after the receipt of invoice.
>
>
you could model the above scenario in the following alternative ways:

a) one order; four invoices of $250K each; every invoice has a 30 days
payment term; four payments of $250K

b) one order; one invoice of $1M each; the invoice has four payment terms
(3, 6, 9, 12 months); four payments of $250K each

Jacopo

[Jacques Le Roux]

Derek,

Looks like you not only got a data-model+code but also specifications :)

Thanks Jacopo!

Jacques
PS: I thought about another way, but it a bit different: subscriptions. Of course only interesting if you have recurring payments, which does not seem
to be the case.


Le 08/10/2015 05:56, Jacopo Cappellato a écrit :

> Hi Derek,
>
> please see my comment below:
>
> On Thu, Oct 8, 2015 at 2:26 AM, Derek Lew <[hidden email]>
> wrote:
>
>> E.g. an order of $1M, can be paid in quarterly, so in Jan, Apr, Jul, Oct,
>> $250K would be invoiced.  The customer would pay in 30 days (assuming if 30
>> days term), after the receipt of invoice.
>>
>>
> you could model the above scenario in the following alternative ways:
>
> a) one order; four invoices of $250K each; every invoice has a 30 days
> payment term; four payments of $250K
>
> b) one order; one invoice of $1M each; the invoice has four payment terms
> (3, 6, 9, 12 months); four payments of $250K each
>
> Jacopo
>

[Jacopo Cappellato-5]

On Thu, Oct 8, 2015 at 6:14 AM, Jacques Le Roux <
[hidden email]> wrote:

> PS: I thought about another way, but it a bit different: subscriptions. Of
> course only interesting if you have recurring payments, which does not seem
> to be the case.
>
>
Oh  yes, you are right Jacques, this would be a third option:

c) four orders; 4 invoices; four payments

Jacopo

[Derek Lew-2]

Thanks, let me take a look.

-----Original Message-----
From: Jacques Le Roux [mailto:[hidden email]]
Sent: Thursday, 8 October 2015 11:49 AM
To: [hidden email]
Subject: Re: Create payment milestones/schedule for Sales/Purchase Order

You may define specific agreement terms to handle "quarterly payment, percentage payment, etc. "

I'd refer to Silverston's book vol I, where the data model used by OFBiz is defined:
https://cwiki.apache.org/confluence/display/OFBADMIN/OFBiz+Related+Books

Of course related specific code needs also to be introduced. At least you have a data-model/existing-code framework to help you doing so Of course have also a look at the OOTB demo data to get you on the right track.

HTH

Jacques

Le 08/10/2015 02:26, Derek Lew a écrit :

> Hi Taher,
>
> Thanks.
>
> Correct me if I am wrong, the payment term is for after the issue is sent.  E.g. 30 days term, meant to be payment after 30 days of receiving invoice.
>
> However, payment milestones are talking about quarterly payment, percentage payment etc.
>
> E.g. an order of $1M, can be paid in quarterly, so in Jan, Apr, Jul, Oct, $250K would be invoiced.  The customer would pay in 30 days (assuming if 30 days term), after the receipt of invoice.
>
> Once again, thank you for your response.
>
> Derek
>
> -----Original Message-----
> From: Taher Alkhateeb [mailto:[hidden email]]
> Sent: Thursday, 8 October 2015 2:15 AM
> To: [hidden email]
> Subject: Re: Create payment milestones/schedule for Sales/Purchase
> Order
>
> Hi Derek,
>
> Entering the payment terms is part of the order entry. You can investigate the screens and check it out on demo.
>
> Cheers,
>
> Taher Alkhateeb
>
> ----- Original Message -----
>
> From: "Derek Lew" <[hidden email]>
> To: [hidden email]
> Sent: Wednesday, 7 October, 2015 6:09:20 PM
> Subject: RE: Create payment milestones/schedule for Sales/Purchase
> Order
>
> Hi Taher,
>
> I am looking at Sales/Purchase Order, not yet reaching the invoice stage.
>
> Derek
>
> -----Original Message-----
> From: Taher Alkhateeb [mailto:[hidden email]]
> Sent: Wednesday, 7 October 2015 8:34 PM
> To: [hidden email]
> Subject: Re: Create payment milestones/schedule for Sales/Purchase
> Order
>
> Hi Derek,
>
> Look at payment terms on the invoice.
>
> Taher Alkhateeb
>
> ----- Original Message -----
>
> From: "Derek Lew" <[hidden email]>
> To: [hidden email]
> Sent: Wednesday, 7 October, 2015 3:28:22 PM
> Subject: Create payment milestones/schedule for Sales/Purchase Order
>
> Hi,
>
>
>
> Is it possible to create payment milestones for the Sales/Purchase Order.
> E.g. 20% down payment, 80% upon delivery. Or quarterly payments.
>
>
>
> Best regards.
>
> Derek Lew
>
>
>
>
>
>
>