Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Payments In Advance

Please note the procedure below for SOs under lease where we collect a few monthly payments in advance (typically 4-6).

When issuing the SO to the client, you can continue following the same process we've used until now.

However, once we receive a PO, we need to follow the steps outlined in the example below:

Example: This is a deal from June 1, 2024, with a 36-month commitment and 4 months prepaid, for which we need to issue an invoice.

As discussed, we will deduct 4 months from the SO as part of the hardware delivery, move the commitment period to October 1, 2024, and reduce the total commitment to 32 months.

In the memo, include all relevant details (36-month commitment and 4-month prepayment).

If the amount is significant, we open another SO with an item that can be spread over 4 months.

Billing Types

Monthly (MO)

...