Overview

Trading terms refers to how invoices are handled in terms of when they fall due. Different business will have a default set of trading term, and Emersion's system makes no assumption on what these terms are. This article covers the trading terms features in Emersion and how to use it.

Trading terms are core to the system, as they determine how Emersion's system calculates the invoice due date. During onboarding, your onboarding project manager will ask for your standard default set of trading terms and set them up in the system for you when your service providers account is initially created. Our system supports the following trading term options:

Rule	Example
$x days after the invoice issue date	7 days, 14 days, 21 days.
$x day of the current month	Every month on your chosen date where the invoice will cover the current period.
$x day of the following month	very month on your chosen date where the invoice will cover the previous period.
$x days after the account invoice period end date	If the account invoice period ends on the 31st, x days after.

Some customers may have an agreement with you to vary these terms. The default terms can be overridden for these customers.

Trading Terms are an account attribute in Emersion. This means that a service provider's default trading terms are inherited by child accounts, unless they are overridden at the customer-level.

What's in this section?

Features and How To's

This section contains articles on the functionality of this feature.

Core Functionality

Setting your default trading terms
Override the default trading terms for an account

Feature Extensions

There are no feature extensions for this feature.

Prerequisites

Before attempting to use this feature, users should:

have an understanding of what account attributes are in Emersion.

Dependencies

There is no dependencies for this feature. It is a standalone feature in the Customer Management module.

Access Control

Powers

Power	Description	Parent Power
Customer Create - Trading Terms - View	Can see the default trading terms during the account creation process	Customer Create
Customer Create - Trading Terms - Edit	Can override the default trading terms during the account creation process	Customer Create
Trading Due Days	Parent power for the trading terms powers related to editing customer details.	Customer Details
Customer Details - Trading Terms - View	Grants access to view the customer's trading terms under Customer > Details > Trading Terms	Trading Due Days
Customer Details - Trading Terms - Edit	Grants access to edit the customer's trading terms under Customer > Details > Trading Terms	Trading Due Days

Feature Events

There are no events related to the feature.

Feature Reports

There are no reports related to the feature.

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