Create and track layaway sales and installment payments with ease!

SLA - Sales Invoicing Layaways adds a new terms code to create a "Layaway" invoice. By entering terms code "7" on a sales invoice, only PA transactions are transferred to Accounts Receivable when you post, the sales items and taxes stay on the current invoice. Once the invoice is paid in full, the sales and tax information will be sent to Accounts Receivable.

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|¦SIPROC1                         Edit Documents             COMPANY ID: SP     ¦|
|¦04/11/96                    Software Professionals                            ¦|
|+------------------------------------------------------------------------------+|
|DOC TYPE....: I  Invoice                DOC STATUS.: A Active                   |
|DOC NUMBER..: 023567                                                            |
|CUSTOMER ID.: ANDERA                                                            |
|DOC DATE....: 04/11/96                                                          |
|                                                                                |
|SOLD TO.....: Anita S. Anderson         SHIP TO....: Anita S. Anderson          |
|              321 Church Street                      321 Church Street          |
|              Decatur, GA                            Decatur, GA                |
|              30078                                  30078                      |
|CONTACT.....: Anita Anderson            SALES TAX: 001                          |
|PHONE.......: 404/555-1212                         GEORGIA                4.000 |
|PHONE #2....:                                      FULTON                 1.000 |
|P.O. NUMBER.:                                      MARTA                  1.000 |
|P.O. DATE...: 04/11/96                                                          |
|SALESMAN....: BBS                                                               |
|TERMS CODE..: 7   Layaway                                                       |
|SHIP DATE...: 04/11/96                                                          |
|SHIPPED VIA.:                                                                   |
|JOB/ORDER NO: 023567      ACCEPT (Y/N)..: Y  (S=SoldTo)                         |
| F1-Help                                  ShF5-Status Chg F6-UsrDef           N |
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The items on the layaway invoice remain on the current invoice and reserve inventory, but all of the PA transactions are posted to A/R. This allows you to record the payments as you receive them, and record the sale later when you actually deliver the item.

In the following example two items were purchased on layaway. Two payments were made, one on 04/05/96, one on 04/11/96. After the invoice was posted the PA transactions were sent to A/R and they were replaced on the S/I invoice with comments detailing the payment date and amount. The "Cumulative Layaway Payments" and the amount "Yet to Pay" are also shown next to the Customer ID and the Doc Date.

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|¦SIPROC1                         Edit Documents             COMPANY ID: SP     ¦|
|¦04/11/96                     Software Professionals                           ¦|
|+------------------------------------------------------------------------------+|
|DOC TYPE....: I  Invoice                DOC STATUS.: A Active                   |
|DOC NUMBER..: 023567                                                            |
|CUSTOMER ID.: ANDERA  Anita S. Anderson    CUM. LAYAWAY PAYMENTS:      -40.00   |
|DOC DATE....: 04/11/96                                YET TO PAY:      203.78   |
|                       PROD            QTY         QTY  PRICE           DISC T/ |
|LN.TYP...PRODUCT.ID.....CD.U/M.......ORDERED.....SHIPPED.CD..UNIT.PRICE..PCT..E |
| 1 SA ELE8100000SPC      E EACH    1.0000000    1.0000000    29.9900000  0.00 T |
| 2 SA ELE810060PTV       E EACH    1.0000000    1.0000000   199.9900000  0.00 T |
| 3 CM             04/05/96 Layaway Payment                        -5.00         |
| 4 CM             04/11/96 Layaway Payment                       -35.00         |
| 5                                                                              |
|                                                                                |
|                                                                                |
|                                                                                |
| F1-Help  AltF2-Quote   F2-Lookup  ShF5-Status Chg F6-Copy Tmpl               N |
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To add additional payments, simply edit the invoice and add a PA transaction line. The default comment will include today's date and the words "Layaway Payment". The "Cumulative Layaway Payments" and the "Yet to Pay" amount will reflect any new payments. When the invoice is fully paid all transactions are sent to Accounts Receivable when you post.

SLA - Sales Invoicing Layaways also helps you to easily keep track of your open Layaway Invoices. Simply select Document Register from the S/I reports menu, then Select Layaway Document Register. You can set a range of dates or invoice numbers, or just hit "P" to print the report. The Layaway Document Register shows everything you need to keep track of your Layaway invoices.

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| RUN DATE: 04/11/96                            Software Professionals                                                 PAGE  1|
| RUN TIME: 3:20 PM                              Invoicing/Order Entry                                                        |
|                                              Layaway Document Register                                                      |
|                                                                                                                             |
| Sorted by Bill-To ID then Document Number                                                                                   |
|-----------------------------------------------------------------------------------------------------------------------------|
| CUST.                              ---- INVOICE ---     MERCHANDISE        SALES         GRAND      PAYMENTS     AMOUNT     |
|   ID       CUSTOMER NAME           NUMBER    DATE        /SERVICES          TAX          TOTAL      RECEIVED   YET TO PAY   |
|-----------------------------------------------------------------------------------------------------------------------------|
| ANDERA   Anita S. Anderson         023567  04/11/96         229.98         13.80        243.78        -40.00       203.78   |
| ANDERA   Anita S. Anderson         023568  04/11/96        1716.65        103.01       1819.66        -75.00      1744.66   |
| ANDREC   Christine Andrews         023571  04/11/96        1966.60        118.00       2084.60       -175.00      1909.60   |
| CANNOP   Paul P. Cannon            023569  04/11/96        1966.60        118.00       2084.60        -75.00      2009.60   |
| SAMPSK   Kevin Sampson             023566  01/01/96           1.00          0.06          1.06         -1.00         0.06   |
| THOMPS   Samuel L. Thompson        023572  04/11/96        1966.60        118.00       2084.60       -175.00      1909.60   |
| == GRAND TOTAL =============================================================================================================|
|                                                            7847.43        470.87       8318.30       -541.00      7777.30   |
|                                                                                                                             |
| *** End Of Layaway Document Register ***                                                                                    |

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