We have many supplier who we operate 30 day accounts with, but occasionally offer different terms for a particular purchase. I realise you can change the terms when entering a purchase invoice, but we sometimes get an amount to be divided by 3 or 4 months of payments. To get around this I run a spreadsheet in Excel when reconciling to statements, as a payable report doesn't satisfy this. I haven't yet found a way around it using MYOB. Could this be incorporated in future updates? I am sure I am not the only one with this issue.
Regards
Jill
Hi Jill - I find this concept interesting ... are you thinking about a 90 or 120 day term to be added? The only way I have found a satisfactory way of doing this is to create 3 or 4 invoices on the monthly basis. You can pre-date your invoices so you can enter them all in advance - I create the first invoice with all the details about the total cost of the sale, etc, create this as a template (use recurring) and then enter the next batch of invoices for the appropriate dates, rather than have one invoice which continually shows as being "overdue".
Related Content
- 4 years ago
- 6 months ago
- 3 months ago
- 4 years ago
- 5 months ago