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We have a PO that we would like to part first part on immediate terms but remainder on 30days

Can different receipts of a PO hold different payment terms or does this have to be updated manually?

In this case, the Po would have 1 payment term, but the invoice could have different terms. 

 

You could look at PO line details, for the milestone / staged payments.   The accounting effects are different from a traditional receipt.  Also, it does not work precisely as your need described, but with creativity it may help. 

The cleanest is probably different payment terms on the supplier invoice.