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Payment Installment Management

Payment Installment Management

FREE
$ 9.99 $ 9.99

  • Versions
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30-day money-back guarantee
Shipping: 2-3 Business Days

Key Features

✓ Reusable Payment Plans:
Create percentage-based templates for consistent installment scheduling.
✓ Flexible Milestones:
Support booking, down-payment, handover, and post-handover installments.
✓ Automatic Scheduling:
Calculate installment dates, percentages, and amounts automatically.
✓ Overdue Consolidation:
Combine overdue installments into a clear catch-up payment.
✓ Automated Invoicing:
Generate customer invoices directly from installment lines.
✓ Additional Fees and Taxes:
Apply configurable fees with optional tax calculation.
✓ Controlled Access:
Use dedicated permissions for payment-plan editing and installment workflows.


Description

Payment Installment Management provides a structured workflow for defining payment-plan templates and applying them to sales orders. The module calculates installment percentages and due dates around booking, handover, and post-handover milestones. It also supports additional fees, automated invoice creation, and collection tracking.

How It Works

✓ 1. Configure a Payment Plan:
Define booking, handover, final-payment dates, collection gaps, and percentage allocations.
✓ 2. Generate the Schedule:
Generate installment lines with percentages and chronological due dates.
✓ 3. Apply the Plan and Create Invoices:
Select the payment plan on a sales order and create the customer invoices.
✓ 4. Track Progress:
Review installment status, outstanding amounts, and payment progress per line.

Step-by-Step Workflow

Follow the screenshots to configure and use installment payment plans.

01.Open Payment Installment Management
Start from the module dashboard and access the installment workflow.
02.Open Configuration
Use the Configuration menu to manage installment plan templates.
02.1Grant Payment Plan Editing Access
Assign the "Edit Payment Plans" permission to a user so they can create and edit payment plan templates.
03.Choose Payment Plans
Open Payment Plans to create and maintain custom templates.
04.Create a New Plan
Click New to begin defining the payment plan.
05.Enter the Plan Details
Complete the payment plan configuration with valid values.
06.Generate Percentage Lines
Generate installment percentage lines from the plan settings.
07.Review the Percentage Breakdown
Review the percentage breakdown assigned to each installment milestone.
08.Open Sales
Go to Sales to use a configured payment plan.
09.Create a Sales Order
Click New and begin entering the sale information.

Invoice and Payment Workflow

Apply the plan to a sale, review its installments, create an invoice from selected lines, and register payment.
10.Complete the Sales Details
Provide valid customer, product, and installment information.
11.Open Installment Lines
View all installment lines related to the selected sale.
12.Review the Installment Schedule
Review installment amounts, dates, and current states.
13.Select Installments to Invoice
Select multiple lines while retaining installment state tracking.
14.Create the Invoice
Create one invoice from the selected installment lines.
15.Confirm the Invoice
Review and confirm the generated customer invoice.
16.Register Payment
Choose Pay to begin completing the invoice payment.
17.Enter Payment Information
Complete the form with valid payment details.
18.View the Payment Receipt
Review the receipt for the completed invoice payment.
19.Installments Are Marked Paid
The related installment lines now reflect their paid status.

Specifications

Versions 18.0, 19.0