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Partial payments in POS?

How does POS handle deposits on items for partial payments on inventory on hand & to-be-made items?

For example, a piece of furniture is expensive, so the customer pays for it in three payments over time [as take now, pay later or as a layaway]. Or a customer orders a ?custom made? product & puts a deposit down for it, then to receive the finished custom product later & pay the last payment.

Just like there is Progress Invoicing in Accounting, how does one set up progress POS transactions?

Is there a best way to do these transactions in MS POS? Or are their any workarounds like using Discount Transactions or setting up a series of Items as a Category which make up the whole product?

Or how exactly does you set a required percentage deposit for layaways in SOM | Configuration | Ordering? I understand that as items get picked up, POS will require additional payments to cover payment for all 'picked up' items and maintain the required percentage deposit for all remaining layaway items. But will this approach solve my problem?

Steve

Reply to
Steve
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The Layaway functionality gives you the ability to create a "minimum deposit". While in Store Ops Manager, go into File - Configuration - and then the Ordering tab. You can put the default expiration period (in days) and the minimum deposit down. Going forward from that, there are several ways to handle it depending upon your process. You can either receive payments against the layaway (means the whole thing will be picked up at the end) or you can partially pay layaway (means that product x will be picked up and paid for, product y remains on layaway). You can see the help files on how to handle either of those. It sounds ike they should handle your situation.

Reply to
Bill P.

Hi Bill,

I appreciate your post. Looks like this is an RMS functionality, but not for lower end Microsoft POS. Correct?

How would you do a workaround for POS? Could one set up, for example, three Items with ending codes like 101, 102, 103 which will flag you as to where the Customer is in their three payments on the History Tab & in Customer Reports?

Thanks,

Steve

"Bill P." wrote:

Reply to
Steve

Acch (head thump here) - sorry about the confusion - I have been working with a client who insists on calling RMS by "POS" - and I think it has ruined me.

I think what you describe is your best bet for POS. My recommendation would be that you start at the largest number and work your way down. ie. if the agreement was for 5 payments of $x, then the first item would be 105. That way, if some customers need 3 payments, while others need 2, you can tell where you are in the process without having to consult some external source. (Of course, moot point if all arrangements are the same)

Reply to
Bill P.

Hi,

We just got POS and we need to do partial payments. I found this conversation from last year regarding partial payments, but since I don't have much experience on the system I would like to know if someone could elaborate a little more on this. I do understand the item set up but then how do you link the actual item that is going to be sold?

Thanks,

Vivi

"Bill P." wrote:

Reply to
Vivi

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