You can define several due dates (instalments) for one single invoice. For each instalment you define how much (using a ratio) of the total invoice amount that is to be paid at a specific time. You do this by defining a new terms of payment code for each instalment, but you can also use the same terms of payment for the instalments as for the invoice.
You also define how much of the VAT part that is to be paid with each instalment.
- Select the Terms of payment menu item.
- Highlight the applicable Terms of payment code and click Instalments.
- You access Work with terms of payment, Instalments. Click Add.
- On the Work with terms of payment, Instalments detail panel, define the following information:
- Instalment number
- Enter a sequence number for the instalment.
- Ratio amount
- The ratio factor determines the amount, in relation to the other instalments, that is to be paid according to the terms of payment code defined per instalment.
- For example:
If the first and second instalments cover 25% each of the invoice total, and the third instalment covers the remaining 50%, the ratio factors can be 1, 1 and 2. Enter only positive values. - Ratio VAT
- The ratio VAT determines how to distribute the VAT amount among the instalments.
- For example:
If 100% of the VAT is to be paid together with the first instalment, the Ratio VAT is 1 together with the first instalment and zero with the subsequent ones. If the VAT should be spread evenly among the instalments, the Ratio VAT is 1 for each instalment. Enter only positive values. - Terms of payment
- Enter the terms of payment code that you defined for this instalment. It could be the same as for the invoice, or apply to this instalment only.