The Big Picture Of Promise To Pay

A promise to pay (PTP) is an agreement with a customer to make payments on specific dates. Promise to pay differs from payment arrangements in that a promise to pay contains user-defined scheduled payment dates, which are independent from the customer's billing dates. In other words, payment arrangements appear on the customer's bills, promise to pay scheduled payments do not.

If a customer is in arrears and you want to receive payments on specific dates (as opposed to with the customer's regular bills), you would set up a promise to pay and define the dates on which you expect the payments.

The topics in this section describe how a promise to pay works.

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Parent Topic: The Big Picture Of Payment Arrangements and Promise To Pay