How do I create and update installments?

Assign split payment terms to an invoice or debit memo to let customers make payments in multiple installments. The billing process automatically creates the payment schedules based on the transaction date and the details of the split payment terms.

For example, split payment terms can specify that 40 percent of an invoice is due 30 days after the invoice date, and the remainder is due in 60 days.

You can review installments for an invoice or debit memo transaction from the Review Transaction page or the Manage Transactions page. You can perform these actions on installments:

• Update the due date of an installment.

• Update the unpaid portion of an installment.

• Add or delete installments.