...
To include planned payments from the customer/supplier in the payment calendar as planned payments of the selected payment type, select the Add to Payment Calendar option on the Payment Terms tab . By default, the "Add to payment Calendar" field is not active. In order to activate it, the document status must be "In Proсess". This setting is valid for the documents CustomerOrder and Purchase Order.
...
If you work with regular customers and suppliers, it is more convenient to plan receipts and payments in orders.
Cash Gap and How the Payment Calendar Helps
The Payment Calendar is a tool for planning payments that helps you avoid cash gaps.
Example:
You ship goods to customers, but the payment is received later — sometimes with a delay.
At the same time, your suppliers may require advance payment.
As a result, you may face a cash gap — when you don’t have enough money on your accounts to make the necessary payments.
And don't forget about regular expenses like salaries, rent, communications, and other recurring costs.
In FirstBit, the Payment Calendar clearly shows this situation - when the daily balance becomes negative (displayed in red), it means a cash gap is forecasted for that day.
This allows you to:
- Reschedule payments or negotiate terms
- Postpone non-critical expenses
- Secure short-term financing in advance
- Move funds between your accounts, if applicable. To do this, you can use the Money Transfer document.
hhjkhhjjhkjhh