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auto carry-forward for invoice over/under payment
Hi,
Like Toxi in http://getsatisfaction.com/freeagentc... and a couple of other threads, I have an international Client whose always pays short owing to Currency Exchange/charge errors. (a good example of, but not necessarily the only reason for over/under payments)
The suggested solution - overallocating amounts to the invoice in question, and then explaining the auto-generated credit (or remaining unexplained balance) to another account is an option, but seems to be clunky, non-obvious; doesn't fit with reality and requires an edit of an already explained transaction.
May I suggest that there is the option given to allocate over/under payment as a Carried-Forward item to an existing draft invoice/credit note (with a link to create a new one); thereby marking the original invoice as "paid" (for an underpayment, the carried forward allocation would be noted under the link to the actual payment entry); and there would be no need to manually input the carried forward balance in the new invoice
Cheers
Olly
Like Toxi in http://getsatisfaction.com/freeagentc... and a couple of other threads, I have an international Client whose always pays short owing to Currency Exchange/charge errors. (a good example of, but not necessarily the only reason for over/under payments)
The suggested solution - overallocating amounts to the invoice in question, and then explaining the auto-generated credit (or remaining unexplained balance) to another account is an option, but seems to be clunky, non-obvious; doesn't fit with reality and requires an edit of an already explained transaction.
May I suggest that there is the option given to allocate over/under payment as a Carried-Forward item to an existing draft invoice/credit note (with a link to create a new one); thereby marking the original invoice as "paid" (for an underpayment, the carried forward allocation would be noted under the link to the actual payment entry); and there would be no need to manually input the carried forward balance in the new invoice
Cheers
Olly
I’m not liking non-obvious work-arounds
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Inappropriate?Olly,
One thing we're considering is having a proper 'Client Account' against which deposits and retainers can be allocated and under/overpayments made (and included/absorbed on invoices).
Would that work?
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this is one of the best points
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Inappropriate?Sorry to take so long to get back to you on this point, but yes a Client Account would be a great idea.
A suggestion for an additional facet of this feature would be to automatically calculate interest when an invoice is overdue (per-project specification, default to Late Payment Legislation scheme); which would be automatically added to the account.
I’m much better thanks!
EMPLOYEE
