Installments for Billing on a Sales Custom Transaction
This topic describes how to set up and work with installment payment schedules in billing transactions. For an overview of using billing on sales transactions, see Billing Subtab of a Sales Custom Transaction.
You can specify installments for your customers who pay for items over time using installment-based payments.
To set up sales custom transaction installment-based payments:
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Click the Billing subtab.
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In the Terms field, select an installment-based term. An Installments subtab is added beside the Payment subtab.
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Click the Installments subtab. Installment due dates and amounts are listed based on the installment terms.
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To override the automatically generated installment amounts, check the Override box. Then select a date and manually enter the installment payment amount.
Note:The remaining amounts don't automatically adjust to cover any difference created by the manual adjustment. You must manually ensure the totals entered equal the amount owed. You can't save the transaction until the installment amounts equal the total.
For more information about creating an installment term for a sales transaction, see Creating Installments.
For information about other subtabs available for sales custom transactions, see Creating a Sales Custom Transaction Instance.