Welcome to the Empress guide for the Payment Schedule feature. This tool is designed to assist businesses in tracking, organizing, and managing their payment schedules in a seamless, efficient manner.
What is the Payment Schedule Feature?
The Payment Schedule is a core feature of Empress designed to help businesses keep track of their payments. The feature allows users to set up and manage payment terms, due dates, modes of payment, and discounts.
Benefits of the Payment Schedule feature
- Organized Payment Tracking: Keep track of all payment schedules in one place.
- Flexible Payment Terms: Define different payment modes and due dates.
- Discount Management: Use the discount type and discount date fields to manage discounts effectively.
- Enhanced Cash Flow Management: With an organized payment schedule, businesses can manage their cash flow better.
How to Use the Payment Schedule Feature
Viewing Payment Schedule
To view the payment schedule, navigate to the Payment Schedule option under the Accounts module.
Editing Payment Schedule
To edit a payment schedule:
- Click on the Payment Schedule you wish to edit.
- Click on the Edit button.
- Make the necessary changes.
- Click on the Save button to save your changes.
Sorting Payment Schedules
Payment Schedules can be sorted based on the ‘modified’ field. By default, the schedules are sorted in descending order (latest first). To change the sort order:
- Click on the Sort button.
- Select the Sort Order you want - Ascending or Descending.
Tracking Changes in Payment Schedule
The Track Changes functionality allows you to keep track of all changes made to the payment schedule. Simply enable the Track Changes option to start tracking changes.
User Roles and Permissions
The Payment Schedule feature is accessible to users with the ‘Accounts’ module permission. However, the ability to edit a payment schedule may be restricted to certain roles based on your business’s rules and policies.
Summary
The Payment Schedule feature is a powerful tool in Empress that helps businesses manage their payments effectively. With this feature, businesses can streamline their cash flow management, effectively handle discounts, and keep track of all payment-related activities.
For further assistance, please refer to our user manual or contact our support team.