09 Feb 2015

Installment Plans

February 09, 2015Features

There are times when you just need one invoice but need to collect that invoice over several installments.  So we’ve made it easy to be able to break down an invoice into smaller collections.  From the Invoice list you can easily add a payment plan.  This must total to the outstanding invoice amount before you can submit it.  From now on uCollect will ignore the invoice due date and will collect the installment amounts on the specified dates.   Each time we process the installment we double-check to make sure that the invoice is still unpaid (just in case you have processed a credit note or manual payment) and will collect the lower of the invoice amount outstanding or the installment amount.

Please note that installments override suspensions, so if you are suspending a contact with installments you will need to remove the installment plan.

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