I feel like I am missing something obvious and hoping somebody else can point me in the right direction.
The terms we want are 25% deposit due net 10, remainder due net 30 (on shipment).
Is there something I can do to the payment schedule in the terms code configuration that will make Epicor figure out the correct deposit amount and due date when I create a deposit invoice?
So far the only solution I’ve been able to figure out is to manually type in the amount of the deposit due on the deposit invoice and set the due date (prone to mistakes). Then leave the terms code configured as a simple 100% due net 30 so the shipment invoice auto-generates correctly. There has to be a better way, right?
So lets say you have an order for $1000
You create a deposit billing for $250 and set the terms net 10
Once the shipment invoice is created the deposit is automatically applied and you get an invoice for $750 with the default terms of net 30
Is the payment schedule not created correctly?
Is the actual workflow different?
I don’t remember having deposits automatically calculated based on some configured percentage, so I don’t think that exists, maybe add a BPM when creating the deposit billing line to calculate and prepopulate the amount.
So what you described does work.
But it relies on people manually figuring out the correct deposit amout and due date, and then correctly entering that information when creating the deposit invoice.
Just seems strange that there isn’t a way that Epicor can figure this out automatically? Maybe it really doesn’t exist but I had to ask.
Yes, but the terms on the sales order are not net 10, they’re net 30, so its still a manual step to change it since the terms flow from the sales order when creating the deposit invoice.