When you receive the dispatch Order from Warehouse gainst buyer order, then create the invoice to WSL customer to inform them that these quantity of pieces with the amount is successfuly dispatched to them(WSL customer ) and the WSL customer have to do payment against that dispatched order when they receive it.
- Payment of a Wholesale invoice
It is the responsibility of the seller to get the payment of wholesale invoice on time from Wholesale Customer, If they do delay keep alert them by calling, mailing or by monthly statement.
- Seller Statement:
As a seller you should give WSL customer with a monthly statement of account then they check to see if they have received all the wholesale invoices and also to see if all payments that you have made have been posted correctly. If there are any discrepancies, they contact you to try and get the problem sorted. Try and keep a good relationship with your wholesale customer there is nothing worse than phoning up with an order only to find out that you will not ship any goods to them until payment is made for an outstanding Wholesale invoice or they will only offer you cash with order.
- Filing a wholesale invoice:
As a seller you have to use Wholesale orders for order fulfillment and payment processing. Upon receipt, the buyer order is used to pull purchased inventory for packaging and shipping.Once the inventory is pulled, an invoice is prepared based on the items orders and prepared for shipment. When the products are shipped, your records the shipment in its inventory system. The WSL order is filed electronically, with paper copies often filed, as well.The order is marked as filled or waiting payment. Important payment reminder dates and deadlines are set. This is important to the supplier for good payment monitoring and enforcement of credit policies.
The seller sends a invoice for the dispatched item to wsl customer with the invoice mode either Consignment or regular, so simple create a WSL invoice with respect to challan no and select the invoice mode in consignment because this item is your item it is not wholesaler own items until they will not pay for it
See Also: Wholesale Order | Wholesale Return