Requirement:
The client has expressed the need for a more efficient invoicing process, specifically to submit multiple invoices to a customer group rather than an individual customer, consolidating them into a single payment receipt.
Solution:
The Consolidated Payments feature addresses this requirement by allowing all payments, credits, and deposits to be processed through either the highest-level customer in a customer-subcustomer hierarchy or through the individual subcustomer associated with the entered invoice.
To enable the consolidated payment feature:
- Navigate to Setup -> Company -> Enable Features.
- Under the Accounting subtab, move to the Advanced Features.
- Enable the Consolidated Payment Feature.
- Then click save.
However, it is important to note that this feature will not be enabled when the parent and child subsidiaries belong to two different subsidiaries. To overcome this limitation, businesses can organize multiple subsidiaries and their respective currencies under a parent customer or customer group. Subsequently, the child subsidiaries can be selected from this group of subsidiaries or currencies, enabling the streamlined billing of unpaid invoices for the child customers through the consolidated payment feature.