The Payment Type Code is used to define how a customer pays
In fact in the Trakker mobile app if the customer is set to a Payment Type Code of certain Payment Req, then payment is required to be collected or a note filled in as to why it was not
Code: Label to display
Description: further detail about this payment type
Payment Terms: usually NET 30 or Net 10…
Payment Req:
- COD: FULL Payment required upon receipt of service of products…
- Partial COD: At least $1 is required after service or delivery
- Prefer COD (Not Required)
- Invoice: Can be paid later, will create an invoice to receive on account