Overview

This article covers the trading terms features in Emersion.

'Trading terms' refers to the rules that are put in place that will determines when invoices fall due. As different business has different types of rules, Emersion's system makes no assumption on what these terms will be, and each service provider is required to provide a default set of rules the system will use. 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. A service provider's default trading terms are inherited by all child (customer) accounts, unless they are overridden.

Trading Terms are an account attribute in Emersion. Read the article on account attributes to understand more about the inheritance pathways used by these features.

Override Precedence

The default trading terms can be overridden at:

The customer level
The account profile level

The precedence for these rules are: Customer → Account Profile → Provider Default → System Default.

Therefore, if a customer belongs to an account profile with its own trading terms set, these are the trading terms that will be used, unless the customer's account also has different trading terms set. In this case, the customer's trading terms takes precedence.

The system default trading terms will ultimately be used if the service provider does not supply us with their own rules. The system default setting is that invoices fall due 7 days after the issue date.

Trading Term Options

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What's in this section?

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

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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