Installments Window

Use the window to define the number of the installments and the way to apply the tax amount.

There are two methods to set the due date in the A/R and A/P invoices:

Fixed day – you make the payment on fixed days that you define in the Payment Dates window.
Regular – you make the payment on the due date that is calculated according to the Payment Terms - Setup window.

To access the window, choose Sales – A/R A/R Invoice Accounting Installments .

Note Note

This topic documents fields and other elements in this window that either are not self-explanatory or require additional information.

End of the note.

No. of Installments
Enter the number of installments.

Apply Tax in First Installment
Adds the tax amount to the first installment only.

Apply Tax Proportionally
Adds the tax amount proportionally to each installment, according to the % field.

Date
Specify a due date for the installments. The following information is only relevant for the following localizations: Australia, Austria, Belgium, Canada, Chile, Costa Rica, Czech Republic, Denmark, Finland, France, Germany, Guatemala, Hungary, Israel, Italy, Japan, Mexico, Netherlands, Norway, Panama, Poland, Portugal, Russia, Slovakia, South Africa, Spain, Sweden, Switzerland, UK, and US: You can change the due date of any open installments (that is, unreconciled, not yet paid fully or partially paid installments) even after you posted the A/R or A/P invoice or A/R or A/P reserve invoice. This may be necessary if your business partner wants to postpone the payment of an installment.

%
Displays the installments as a percent of the total payment amount. The total amount must be 100%.

Total
Amount calculated according to the installment percentage.

Payment Order Amount
Displays the value requested for payment of this installment in the payment order run.

Payment Order Run Name
Displays the name of the payment order run that includes this installment.

Restore Default
Restore the data as defined in the Payment Terms window.