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  Arranging Installment Payments

Use

You can arrange for the customer to pay open items using installment payments.

Prerequisites

You made all the necessary settings in Customizing (see Tenant Account ).

There are open items on a customer contract.

Procedure

You are processing a contract and are in the Tenant Account overview on the Overviews tab page (refer to Tenant Account ).

  1. Select one or more open items. If you select more than one open item, the installments are based on the total amount of all the items.

  2. Choose Installment Paymen with the quick info text Installment Payments .

    The Document Overview: Installment Payment dialog box appears.

  3. Enter all necessary data in the document header and choose Installments with the quick info text Arrange Installments .

    The Arrange Installments dialog box appears. Enter all necessary data for the installment start date, the interval between payments, and the maximum installment amount or number of installments. Confirm your entries.

    In the document overview, you now see the installments that were calculated and their due dates.

  4. Save your entries.

Result

The selected open item or items are cleared. On the tenant account, this item (or items) is now shown with a green icon meaning it is cleared. However the system generates new open items for the installment payments that are due. You can click on an item in the Line Item column to navigate to the document overview.