Contractors will have different ways of charging for their work. This can include the types of terms they have for payments. Payment terms will vary from contractor to contractor as well as the type of work being done. For example, some contractors may charge per hour they work for you and...
Payment Terms can be changed / revised by MM in PO (Purchase Order), if required. Partial Clearing/Payment Partial clearing will be used where a part payment is to be made for a vendor open item. For example – Part payment of $5000 made for the vendor invoice of $10000/-. If the ...