The system calculates the due date according to the " Collection - Payment Schedule" based on customer account information.
Collection - Payment Plan Selection
If this plan is not defined in the customer data, you can select a predefined plan from the "Collection - Payment Plan" window under the "Sales" tab. As soon as you select the plan, the system displays the Maturity - Cash Flow information. Then you need to save the document.
Calculation of Maturity Dates and Amounts Paid for Different Sales Rates
There may be different terms for different sales rates. In this case, you can add this plan with the "New Term Clause" button. For example, you and your customer agree on a collection plan where 50% of the total sales transaction amount is paid on the agreement date and the rest is paid one week later. You can add a new term line with Day = 0 and Rate = 50, and then add a new line with Day = 7 and Rate = 50 and save. The system automatically calculates the dates and amounts.
Note: If you want to change the Maturity - Cash flow information that is automatically displayed according to the "Collection - Payment Schedule" selection, you must first delete the "Collection - Payment Schedule" information.