Orders can be created and maintained for a customer. These Standing orders can then be grouped together in “Runs” which are periodically processed to produce a “delivery invoice” or order of the goods and services.
The Standing Order that is set up for the customer determines the details of the products that the customer is to receive. These details include such items as product, price, frequency of “Run” and the next delivery or processing date. These details also include delivery address and instructions.
The Standing Order process is able to generate a separate Standing Order Run for a client for different frequencies, e.g. Monthly vs. 6 Monthly.
Using Account Receivable Standing Order Runs to generate recurring invoices
•Set up the required Distribution codes in Accounts Receivable.
•Maintain the Standing order Run codes
•Maintain the Standing Orders
•Create the Standing Order Run
•Maintain the Standing Orders
•Print and Reconcile the Standing Orders
•Post the Standing Orders