Apply an installment template to new sales invoices

If you have customers that have negotiated for installment payments for a new sales invoice, you can also handle this easily with the Installment Payment Module in Continia Finance.

Apply an installment template from a new sales invoice

Once you have set up an installment template, you can apply it before posting to a new document, such as a sales invoice or a purchase order.

• First, the sales invoice must have the status Released.
• From the Continia Finance FastTab, select the relevant Installment Template.
• To preview the installment plan before posting, Use the Precalc. Installment Plan action from the Continia Finance menu.
  • If the installment plan is suitable, you can simply go ahead and post the invoice.
  • If the installment plan needs to be adjusted, use the Installment Plan action from the Continia Finance menu.

Use installment templates for all future invoices for a customer

From the customer card, navigate to the Continia Finance FastTab. In the Installment Payments section, select a previously set up installment template, or use the New action to create a custom template for this customer.

All new sales document for this customer will now automatically create the installment plan according to the template. To disable the installment template on an individual sales invoice, navigate to the Continia Finance FastTab in the sales invoice, and remove the Installment Template before releasing or posting.

Reverse an installment plan

If a customer asks to pay the invoice with a single payment instead of the installment plan, you can easily do this from the Customer Ledger Entries.

Select the original invoice line, and from the Continia Finance menu, use the Reverse Installment action. This automatically moves all the Remaining Amount to the original column, and sets the Open column with a check for only the original invoice.

Scenario

Ester has been asked to set up installment payments for two customers.

She needs to complete these tasks:

• Split a posted invoice into three installment payments
• Set up automatic installment payments for all sales documents for one customer

More resources

• Introducing the Installment module (Continia Docs article)