What Payment Terms should be used when setting up New Supplier? : Goway Travel Pty Ltd.

What Payment Terms should be used when setting up New Supplier? Print

Created by: Jaalah Del Rosario

Modified on: Sat, 29 Jun, 2024 at 10:46 AM

'14 Days Prior To Service' for all NEW suppliers (except for Third-party suppliers) and only for existing suppliers that only have manual services. Not for existing suppliers with loaded services.

Third-party suppliers: '30 Day Of Current Month'

Note: NEW supplier with pre payment & bank details please forward to Accounts (accounts@goway.com.au) cc Products (product@goway.com.au)

Updating of Payment Terms as instructed by Products (e.i from existing to manual supplier and payment terms change)

1. Update and add to Accounting Notes

2. Send FYI to Accounts

New Supplier that is part of the chain, please still set as '14 Days Prior To Service'

Jaalah is the author of this solution article.

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What Payment Terms should be used when setting up New Supplier? Print

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