Contact - Add field for payment terms (e.g cash on delivery, late payer)
I want to be able to flag COD clients, so the sales team know to collect payment at the point of sale.
Hi Sharon, recently we released a new feature in Contacts that will enable you to add a note for a contact that can be visible from a contacts record - Right hand panel meaning you could add any detail about contacts that you receive payment from at the time goods & services are supplied in this field.
Is this enough to solve your needs here? 🙂
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Fiona Muston commented
I would like to be able to run a Contacts Report to show the agreed Payment Terms, for both Customers and Suppliers.
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Brandon Scivolette commented
On a similar note, I have a lot of vendors (Xero contacts). Some prefer to be paid by direct deposit (ACH), others want to be paid by credit card. Adding a note just won't cut it because we can't view the contact notes when viewing or paying a bill. A simple dropdown or checkbox group allowing us to specify if a vendor/contact has a preferred method of payment would go a long way.
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Jan Ross commented
It would be great if we could flag a client as being a Late Payer so that we can charge an Administration Fee at 14 days rather than 30 days; and also a flag for Payment in Advance, for those clients who can no longer be trusted to pay within 60 days.