Hi,
I have Vendor who is going to rebuild a small portion of our office,
the payment for this job will be in 3 parts,
-
40 % advance
-
50% on completion
3.10 % after 30 days after completion of work. I prefer to create a single line item (Service item) in the PO,
How would i setup the payment terms for this scenario,
Another question is if I am supposed to pay an amount to a Vendor in equal installments for 12 months for a specified amount say 100,000 each, how can i setup this.
regards
TP