How to Create Installment Plan on an Invoice
DESCRIPTION:
An Installment plan is used to split an invoice up into multiple installments with an update to the due date and amount due for each installment to the invoice.
Click here for more info on Invoice Installments on Self Service
HOW TO:
-
Select the Invoice hyperlink to open the Invoice Detail window (Available on the Account Overview page and the Invoices page)
-
In the Invoice Detail window, select the "Installment Plan" tab at the bottom.
-
Select "Add Installment" to create new installment record.
-
Add a due date and amount for each installment on the invoice (The remaining balance will auto fill with each subsequent record you add)
-
Once you have finished, save by selecting "Save Changes."
-
When you return to the invoices grid, you will see new records that all share the same TranID. These are the separated invoice records with the staggered due dates. These can now be paid individually.
SPECIAL NOTE:
When adding installments on an invoice that has a partial payment, the first enter should represent the date and amount of the partial payment