ISU-Installment Plan item in Invoice

Question

Hi,
We are rolling out installment plan and were able to create the standard installment plan.
The present Invoice has 3 heads i.e. 1)Current month amount, 2) Outstanding and Net Amount Due (Total of 1& 2)
The business requirement is to add the installment plan items into this, i.e. 1) Current month amount, 2) Outstanding, 3) Installment plan item and Net Amount Due (Total of 1,2& 3)
The dates of installment plan (say 3rd Aug) and Invoice due date (Say 30th Aug) will always be varied.
Is there any way to add the installment plan item into the Net Amount Due
Additional info:
-Invoicing is always monthly
-There is no Charges/interest/taxes involved
-Its ok if the customer pays on 30th for Installment item due on 3rd (again since Charges/interest/taxes are not involved)
-The customer can pay only the Invoice Net amount due (no option to edit this amount when he pays) which is driving this requirement.
Thanks in Advance,
John

Answer 1

Hello,
Installment plans are treated as short plans where in which the overdue outstanding amount is divided into 'N of items thus reducing the burden of the customer. Say if you have £100 Inv. You have agreed to collect the amount in 2 installments. You create Inst plan for £50 each using FPR1.
Now if the customer is on Direct Debit, the above amount would be collected  when you run the Payment run using FPY1, Generate DME file and send to bank.
Hope this is clear
Rgds
Rajendra
Points!