Today, the number of sales on installments performed on advance payment campaigns is increasing. In such campaigns, the payments start before the delivery of the goods, and the installments are paid using bank cards or other payment tools preferred by the customer.
In the LOGO application, the payment transactions of sales orders are generated when the slip is recorded. Advance payment campaigns are automated thanks to this feature. Orders (prepayment) are transferred into the invoice with the payment info and transactions during the delivery stage.
Generating the payment transactions starting from the moment of order receipt allows the payment methods and tools to be tracked and reported. Linking payment plans to orders, and generating the payment transactions in accordance with this plan provide an important feature allowing the advance payment campaigns and installment sales to be automated.
In order to link a payment plan to Sales Order Slips, and to generate the payment transactions, the order slip must be recorded with Prepayment type. The Payment Transactions default for order slips is specified using the Sales and Distribution Parameters located in the Definitions menu of the Administration. The selection made here is transferred as default to the Purchase Order Slips.
The Payment Type on Order parameter line located in the Sales and Distribution Parameters contains the following options:
- Prepayment
- Without Prepayment
When Prepayment is selected, the Payments option of the Sales Order Slip appears as checked, and the payment transactions are generated when the order slip is recorded. The payment transactions generated according to the payment plan can be tracked by selecting Partial or Average option in the payment transactions located in the right mouse button menu of the Order Slip. Payment information can be changed if necessary.
The Payment Transactions window lists the payment transactions for the slip bottom or the transaction in the slip line with the Date, Amount and Payment Type information. The payment transactions are generated according to the order slip bottom or the payment plan selected for the material in the line. The payment plan belonging to the order slip bottom is the payment plan recorded in the AR/AP of the order. The payment plan applied to slip lines is the payment plan specified in the material for the transaction in the line.