How do i setup defaul payment terms in Reckon One?

Catalyst Painting Solutions
Catalyst Painting Solutions Member Posts: 3
edited July 2019 in Reckon One
How do i set default payment terms for a customer, ie: due on receipt, 7 days, 30 days etc?

Comments

  • John G
    John G Reckon Staff Posts: 1,599 Reckon Staff
    edited February 2017
    Hi Rod,

    Payment Terms are not available in this first release of Reckon One.  It should be part of the next module to be released - Time and Billing - soon.  

    regards,
    John
  • Catalyst Painting Solutions
    Catalyst Painting Solutions Member Posts: 3
    edited June 2014

    Thanks for the reply. Having to calculate a payment date manually really has nothing to do with time & billing. The option should be there to set a default payment term in customer set up. Cheers
  • Scott
    Scott Reckon Staff Posts: 84
    edited July 2019
    Hi Rod,

    Just thought i'd post an update on your question.

    You are correct when saying that terms is separate from the time & expense module features. The time & expense module was released last week (10/09/14) & terms were not part of that update/release.

    Terms will be coming in an upcoming update/release. As far as I am aware they will be included as part of the invoicing module features.

    Regards,
    Scott.

  • Scott
    Scott Reckon Staff Posts: 84
    edited July 2019
    Hi Rod, Today's Reckon One update includes payment terms for customers & invoices. As long as your book has the invoicing module enabled then you should now have payment terms functionality. The 'Administration' menu has a 'Payment terms' option available where you can create/edit payment terms. You can assign customer default payment terms by viewing the applicable customer profile, then click the 'Payment terms & credit limits' tab. Regards, Scott.
  • Yasmin
    Yasmin Member Posts: 15
    edited February 2016
    Hi Scott. Is this feature also available for suppliers? It seems like I need to manually put in the due date for each bill I raise - it would be great to have default payment terms for suppliers so the bill due date could be automatically calculated.
  • gazza73
    gazza73 Accredited Partner Posts: 816 Accredited Partner Accredited Partner
    edited February 2017
    Reckon ONE -->  Settings --  General Settings --> Day-to-Day -->  Selling
    This is where there is presently an "invoice Payment Terms" settings area for customers.
    But no equivalent for the  .........  -->  buying  <TAB> for Supplier payment terms (yet).

    Hopefully highlighting this as an IDEA for inclusion.

    Gary
  • Liz Leneve
    Liz Leneve Member Posts: 4
    edited August 2016
    when is this going to be available for supplier