Billing
On the Billing subtab of a new purchase custom transaction instance, you can create Installments, as well as perform other billing-related tasks like setting terms and International Commercial Terms (incoterms), and so on.
For more information about creating a new purchase custom transaction instance, see Creating Sales and Purchase Custom Transaction Instances.
Installments
You can create installments for paying bills using installment-based payments. Each installment is treated as a separate bill and has its own reference number.
To set up purchase custom transactions for installment-based payments:
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Click the Billing subtab.
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In the Terms field, select an installment-based term. An Installments subtab is added. On the Installments subtab, installment due dates and amounts are listed based on the installment terms.
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To override the automatically generated installment amounts, check the Override box. Then select a date and manually enter the installment payment amount.
Note:The remaining amounts do not automatically adjust to cover any difference created by the manual adjustment. You must manually ensure the totals entered equal the amount owed. You cannot save the transaction until the installment amounts equal the total.
For information about creating an installment term for a purchase transaction, see Creating Installments.