Hi there, thanks for this, definately something to think about! Could, you please advise how the tax is affected, for. example, I'm in Australia and the Invoice posting date generally you want to have as the same as the GST posting date. However, in this case, well, how is the accountinge affected? Or is it just that we're giving customers extended payment terms/payment plan?
@cherylokane2289 hello there! Thanks for reaching out and this is a great question!! So in this particular scenario the VAT is unaffected, the VAT is posted and recognised on the posting date (we work the same way in the UK). Even the 3 customer ledger entries have the same posting date, but they have different due dates. This functionality is purely for splitting the debt on our customer ledger, even the customer will only see a single invoice - but on our system we will see 3x customer ledger entries. Hope this helps!!! Pls reach out if you have any other questions!
Hi there, thanks for this, definately something to think about! Could, you please advise how the tax is affected, for. example, I'm in Australia and the Invoice posting date generally you want to have as the same as the GST posting date. However, in this case, well, how is the accountinge affected? Or is it just that we're giving customers extended payment terms/payment plan?
@cherylokane2289 hello there! Thanks for reaching out and this is a great question!! So in this particular scenario the VAT is unaffected, the VAT is posted and recognised on the posting date (we work the same way in the UK). Even the 3 customer ledger entries have the same posting date, but they have different due dates. This functionality is purely for splitting the debt on our customer ledger, even the customer will only see a single invoice - but on our system we will see 3x customer ledger entries. Hope this helps!!! Pls reach out if you have any other questions!