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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. 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?


Trading Term Options

Our system supports the following trading term options:

RuleExample
$x days after the invoice issue date7 days, 14 days, 21 days.
$x day of the current monthEvery month on the chosen date where the invoice covers the current period.
$x day of the following monthEvery 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.


Licensing

This feature is available to subscribers of the following:  

  • Emersion Core
  • Optional Modules
  • Upon Request (please contact your Account Manager)

Acceptance Test

Conduct an acceptance test for this feature.

What is this?


Features and How To's

This section contains articles on the functionality of this feature. 

Core Functionality

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

PowerDescriptionParent Power
Customer Create - Trading Terms - ViewCan see the default trading terms during the account creation processCustomer Create
Customer Create - Trading Terms - EditCan override the default trading terms during the account creation processCustomer Create
Trading Due DaysParent power for the trading terms powers related to editing customer details.Customer Details
Customer Details - Trading Terms - ViewGrants access to view the customer's trading terms under Customer > Details > Trading TermsTrading Due Days
Customer Details - Trading Terms - EditGrants access to edit the customer's trading terms under Customer > Details > Trading TermsTrading 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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