Creating terms for payment in two instalments

The application comes with several payment terms that you can take inspiration from to add more.

To create terms for a payment in two instalments:

1. Access the Payment terms

   Settings > Third party – Payment terms

2. Add the payment terms (Create).
3. Enter a Name.
   The Payment method and Payment days can be entered when adding the instalments.
   Start by adding the first deadline.

Adding the first deadline

1. Add the first deadline (+ Add).
   The details for the payment deadline are shown.
2. In the Type field, select Percentage.
3. Enter the value 50.
   During this first deadline, 50% of the amount must be paid.
4. In Days after invoice date, fill in the number of days until the first instalment.
   For example, 10 to indicate that the first instalment must be paid 10 days after the invoice issue date.
5. Open the Advanced configuration.
6. Do not select any Payment days.
7. Select a Payment method.
8. Confirm.
   The 1st due date is displayed.
   You can add the second deadline.

Adding the second deadline

1. Add the second deadline (+ Add).
   The details for the payment deadline are shown.
2. In the Type field, select Remaining amount because it is the final deadline.
3. In Days after invoice date, fill in the number of days until the second instalment.
   For example, 45 to indicate that the second instalment must be paid 45 days after the invoice issue date.
4. Open the Advanced configuration.
5. Do not select any Payment days.
6. Select a Payment method.
7. Confirm.
   The 2nd due date is displayed

100% of the payment is set on two deadlines.

To learn more about due dates, see the article Understanding the calculation of due dates.