Progressive Invoicing
My client has customers to whom we send a full pallet of stock, then invoice them for an agreed number of boxes per month over a set period, like 36 boxes per month over 3 months. They might also have different terms, such as billing them all at once, but then the first partial payment having different terms, the second partial payment having different terms again, and so on.
Is there a way in MYOB to do progressive billing so we can proceed with this?
Hi BettinaS , an approach (that you may have already considered) is to create a sales order in MYOB for the full quantity, then invoice each quantity off that order, remembering to enter the balance as the back-order qty on each invoice (that qty is not filled in automatically, unfortunately). Each invoice can have its own terms. As you record each invoice a prompt will appear to tell you that a new order is being created for the balance.
The uninvoiced balance remains in your stock, which might need some care around stocktake times.
