Scheduling Payments

You can offer your customers a scheduled payment or "installment" plan. Scheduled payments are set up on the Money screen during order entry. Follow the steps below to create a scheduled payment:

1     On the Money screen, after selecting a payment method, click Schedule. The Schedule Receivables window is displayed.

2     In the # of Receivables box, enter the number of payments you want to schedule.

3     In the Starting Date box, modify the first scheduled payment date if desired. The default starting date is the date of the purchase.

4     Use the Remittance Interval and Interval Type boxes to indicate the period of time between payments.

5     In the Amount to Schedule box, if desired, modify the portion of the balance due to be divided into scheduled payments. The total balance due is displayed by default.

6     Click Create Schedule. The payment schedule, based on the designated amount, number and interval of payments, is displayed in the grid. Show me

1. • Payment dates fall on business days unless you clear the Business Days Only check box before creating the schedule.

7     If the payment schedule is unacceptable, repeat steps 2–6 until a satisfactory payment plan is defined.

1. • You can edit the amount or percentage of any of the scheduled payments before accepting. CMS adjusts the remaining payments accordingly and color-codes the payments. You can also modify the scheduled payment dates.

8     To accept the displayed payment schedule click Accept Schedule.

9     The Schedule Receivables window closes and you are returned to the Money screen.

·      The payment schedule now appears in the payment history grid (bottom right corner) of the Money screen. Future payments are displayed in green typeface. Show me

·      The balance due reflects payments that have been applied.