How to create a payment plan

To create a payment plan, follow these steps:

  • Go to the Purchases > Payment Plans.
  • Click on New Payment Plan.  
  • Fill out the Payment Plans details.
    • Description:  Insert a unique description for the plan.
    • Prior Payments Total:  If you have already made payments for the plan, insert the total amount here.
    • Scheduled Payments:  Click on Add and fill out the remaining portion of your payment plan.
    • Add Purchases:  Select the purchase order activity that your payment plan applies to.  
    • Create Payment Plan:  The finalizes your plan.

Tip:  The total of your purchase orders should equal the total of your Prior Payments + Scheduled Payments.

At this point, the payment plan is set up and will show on your list of payment plans.