Installment Payment Support
This feature is specific only to Accounts Payable and Account Receivable and requires the Installment feature to be enabled. For more information on installment vendor payments, see Vendor Payment Installments Setup.
Account Payable (A/P)
Electronic Bank Payments SuiteApp supports Installment Payments for A/P. You can pay vendor bills in installments by using:
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Bill Payment Processing
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Auto-Batch Processing
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Custom Bill Payment Processing pages using Electronic Bank Payments API
If the installment feature is enabled, the Installment Reference Number column appears on the Bill Payment, Auto-Batch and Customer Bill Payment Processing pages. This happens when you retrieve the installment bills.
NetSuite displays an error when the installment bills that are kept on hold are submitted for processing. But, these bills can still be loaded in the Suitelet. However, this behavior will be resolved in Electronic Bank Payment SuiteApp 2021.2 release, where installment bills kept on hold cannot be loaded in the Suitelet.
Account Receivable (A/R)
Electronic Bank Payments SuiteApp supports Installment Payments for A/R. You can pay your invoices in installments by using Invoice Payment Processing.
If the Installment feature is enabled, the Installment Reference Number column appears on the Invoice Payment File when you retrieve the installment bills.
Invoice Payment Processing does not support the Reversing Payment feature for Installment Payments.