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Procedure documentationCalculating the Installments Locate this document in the navigation structure

 

Installments are payments divided into several parts, to be paid at successive fixed times. Customers who pay in installments are charged as defined in the Payment Terms, until the installments’ balance reaches zero.

Procedure

To calculate the value date of the invoice:

  1. Specify a value in the Due Date Based on field.

    This date is used as the starting point for calculating the first installment's due date.

  2. Specify a value in the Start From field.

  3. Enter values in the + Months and + Days fields. These values define the number of months or days to add to the Start From date.

    Example Example

    You choose the posting date as your base date and the month start as your start from date. If the posting date is October 10, the month start is November 1. If you enter 30 in the + Days field, the due date is November 30.

    End of the example.

  4. Subtract the value given in the Tolerance Days field.

    The calculated value is the due date of the invoice.

More Information

Payment Terms Window