Forecast future bills to pay¶
In SotaERP, you can manage payments by setting automatic Payments Terms and follow-ups.
Configuration: payment terms¶
In order to track vendor conditions, we use Payment Terms in SotaERP. They allow keeping track of due dates on invoices. Examples of Payment Terms are:
50% within 30 days
50% within 45 days
To create them, go to Create to add new terms or click existing ones to modify them.
and click onOnce Payment Terms are defined, you can assign them to your vendor by default. To do so, go to Sales & Purchase tab, and select a specific Payment Term. This way, every time you purchase from this vendor, SotaERP automatically proposes the chosen Payment Term.
, select a vendor, click theNote
If you do not set a specific Payment Term on a vendor, you can still set one on the vendor bill.
Forecast bills to pay with the aged payable report¶
To track amounts to be paid to the vendors, use the Aged Payable report. To access it, go to
. This report gives you a summary per vendor of the amounts to pay, compared to their due date (the due date being computed on each bill using the terms). This report tells you how much you will have to pay within the following months.Select bills to pay¶
You can get a list of all your vendor bills by going to Overdue filter instead.
. To view only the bills that you need to pay, click . To view only overdue payments, select theYou can also group bills by their due date by clicking
and selecting a time period.