You and your customer or vendor might agree to pay one invoice with a series of installment payments, according to a predefined payment schedule. The Payment scheduleconfiguration key must be selected to set up a payment schedule for an order. When an invoice with a payment schedule is posted, a separate invoice line transaction is created, based on the due date for each payment schedule line. The original sales or purchase transaction remains unchanged, and a number of open payment transactions are linked to the original transaction. You can see information about each invoice line in the Open transaction editingform.

1. Click Accounts receivable> Sales order

   – or –

   click Accounts payable> Purchase order .

2. Click Advancedto see the complete form.

3. On the Overviewtab, select an open order line.

4. Click the Price/Discounttab and select a payment schedule for the order.

5. To view or modify the dates or amounts of each payment, click Setup> Payment schedule.

6. On the Payment scheduletab, you can change the allocation method and click Calculateto recalculate the lines. If you select the Fixed amountallocation method, rounding amounts or remaining amounts are included with the last payment.

   Note
   Alternatively, on the Payment linestab, you can modify each installment.

7. Close the Payment scheduleform.