That solution looks great. But, you need to make sure that your trading
partner can handle the situation. Most places I've been would map the last
segment and overlay (or ignore) the first.
Ed Mitchell
>From: "William J. Kammerer" <[EMAIL PROTECTED]>
>Reply-To: "William J. Kammerer" <[EMAIL PROTECTED]>
>To: [EMAIL PROTECTED]
>Subject: Re: Split Invoice Terms
>Date: Tue, 25 Jul 2000 10:55:33 -0400
>
>Jasper Abeyta, of Data Communication Solutions Inc., writes:
>
> Does anyone have experience with an invoice that offers split
> terms - 50% due 8/25/00, 50% due 9/30/00? I have a customer
> who is offering those terms, and I'm not sure how to code the
> ITD segment. It's got to be either with the deferred due date
> and deferred amount due (ITD09 and ITD10), or with the Percent
> of invoice payable (ITD11). My inclination is to send two ITD
> segments - one with a net due date of 8/25/00 and a percent of
> invoice payable of 50%. The second ITD would be due 9/30 with
> percent payable 50%.
>
> My biggest concern is that the industry is generally doing it
> one way, and I'll pick another that means something else.
> Anyone seen this before?
>
>Dear Jasper:
>
>Go with your first inclination, that of using a tiered term giving the
>two due dates:
>
> ITD*04********20000825**50~
> ITD*04********20000930**50~
>
>You know, I can't say I've ever seen this done before. But I think most
>people (Ooops - make that most "EDI dweebs") would properly interpret
>the two ITD segments as saying Deferred or Installment Terms (ITD01)
>with 50% of the Invoice Payable (ITD11) on each of the specified
>deferred due dates of 8/25/00 and 9/30 (ITD09).
>
>So we know we can come up with something which on first glance is an
>unambiguous set of payment terms. But make darn sure your client isn't
>offering such lenient terms to one of those here-today, gone-tomorrow
>dot com outfits who spent all their IPO money on Super Bowl ads; in
>these cases, you'll want your money upfront (i.e., payment preceding the
>ship notice).
>
>William J. Kammerer
>FORESIGHT Corp.
>4950 Blazer Memorial Pkwy.
>Dublin, OH USA 43017-3305
>+1 614 791-1600
>
>Visit FORESIGHT Corp. at http://www.foresightcorp.com/
>"Commerce for a New World"
>
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