In addition, most states have laws that specifically require a VCPR for a veterinarian to be able to write a prescription. Second, each state's veterinary medical board regulates how prescriptions must be written â specifically, what information must be included on the prescription.
Short Term vs. Long Term. The determining factor of short- and long-term notes receivable is time. Short-term notes are notes due within 12 months or less. If the note is due in more than a year, it's a long-term note. Short-term notes receivable are considered a current asset. As such, they're included in the balance sheet under the current asset category. Long term notes are presented on the balance sheet along with other non-current assets.
Receivables displays the active payment terms you define as list of values choices in the Customers, Customer Profile Classes, and Transactions windows. Receivables provides two predefined payment terms: 1  30 NET: The balance of the transaction is due within 30 days.2  IMMEDIATE: The balance of the transaction is due immediately (i.e. on the transaction date). 3  You can use this payment term with your chargebacks and debit memos.ou can use your payment terms to determine the amount of each installment. Receivables lets you either distribute tax and freight charges across all installments, or allocate all freight and tax amounts in the first installment of a split term invoice.