How do i setup defaul payment terms in Reckon One?

  • 1
  • Question
  • Updated 3 years ago
  • Answered
  • (Edited)
How do i set default payment terms for a customer, ie: due on receipt, 7 days, 30 days etc?
Photo of Rod Bennett

Rod Bennett

  • 220 Points 100 badge 2x thumb

Posted 6 years ago

  • 1
Photo of John G

John G, Information Support Analyst

  • 27,530 Points 20k badge 2x thumb
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
Photo of Rod Bennett

Rod Bennett

  • 220 Points 100 badge 2x thumb

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
Photo of Scott

Scott, Employee

  • 2,558 Points 2k badge 2x thumb
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.
Photo of Scott

Scott, Employee

  • 2,558 Points 2k badge 2x thumb
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.
Photo of Yasmin

Yasmin

  • 396 Points 250 badge 2x thumb
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.
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
(Edited)
Photo of Liz Leneve

Liz Leneve

  • 172 Points 100 badge 2x thumb
when is this going to be available for supplier

This conversation is no longer open for comments or replies.