Solution for above milestone
First we need to create a purchase agreement against the vendor to fix the price, quantity and quality with terms of payment, in this scenario quality will be the milestone if the quality is maintained then milestone is completed.
Based on that agreement release the purchase order and received the quantity as ordered if product quality is matched then book the Invoice against posted Product receipt and release the payment through ACH/EP.
Example-:
Ordered quantity -100, Unit Price- $10/-, Net Amount- $1000/-
First Invoiced quantity- 30, Invoiced amount -$300/-
Vendor Payment through ACH- $300/-
Second Invoiced quantity- 30, Invoiced amount -$300/-
Vendor Payment through ACH- $300/-
Third Invoiced quantity- 30, Invoiced amount -$300/-
Vendor Payment through ACH- $300/-
Fourth Invoiced quantity- 10, Invoiced amount -$100/-
Vendor Payment through ACH- $100/-
Now here we are making the payments in AX through ACH.
First create the payment journal (Type should be ‘Vendor disbursement’) If we are using ACH in method of payment then we need to configure some basic setup and configuration like…
Create a new Method of Payment > ACH/EP then select export format ‘NACHA (US)’ through ‘Setup’
After that you must configure Payment Specification with export format.
Before ACH setup and configuration bank will provide you some format with terms and conditions.
As above scenario there is no customization require.