The upper section of the Installment Payments window displays the Total Amount Payable and Average Due Date. The lines are used to record payment information. The following information is recorded on the installment payments window:
Total Amount Payable: The amount of the selected installment transaction. If payments are recorded simultaneously for more than one installment, the Total Amount Payable field indicates the total amount of these installments.
Paid Amount: The amount entered into the payment amount field on the lines of the installment payments window.
Deficient Payment: The difference between the total amount payable and the paid amount when the payment is incomplete. The incomplete payment options are used to specify how the outstanding amount will be collected.
Date: The date of payment.
Average Due Date: The average due date of installments.
The fields and functions on the installment payments window are:
Payment Number: The payment number of installment. The payments are numbered by the program and cannot be changed.
Payment Type: This field is used to specify the payment tool and method for the installment amount. The field contains the following options:
- Cash
- Check
- P. Note
- Credit Card
When Cash is selected as the payment type, the Cash Collection Slip is generated automatically. The section where the cash collection slip will be recorded is specified using "Used In Automatic Payment/Collection" parameter located in the Sales and Distribution Parameters. The Safe Deposit Collection Slip is automatically generated when the value of this parameter is selected as Safe Deposit, and the AR/AP Cash Collection Slip is generated when Administration is selected.
When Check or P. Note is selected as the payment type, a check or P. Note record is generated for each payment transaction.
When Credit Card is selected as the payment type, the bank account code is entered into the account code field, and the Credit Card Slip of the payment is generated automatically.
Payment Amount: The amount of the paid installment. The installment amount can be closed using more than one payment tool. In such cases, each payment tool is recorded on a separate line by selecting the payment type.
Date: The payment date of the installment.
Transaction Currency: Indicates the currency with which the installment amount is paid.
TC Exchange Rate: The transaction currency exchange rate value.
Amount (TC): The transaction currency amount.
Operation Status: The field used to specify the operation status in payments made using credit cards.
Back Payment Date: Indicates the back payment date in payments made using credit cards.
Service Commission: The field used to record the service commission rate in payments made using credit cards.
Point Commission: The field used to record the point commission rate in payments made using credit cards.
Due Date Diff Commission: The field used to record the due date diff commission rate in payments made using credit cards.
Net Amount: The field used to record the net amount in payments made using credit cards.
Account / Safe Deposit Code: The field used to record the account code for payments made using credit cards and used to record the safe deposit code for cash payments.
Back Payment Plan: The field used to record the back payment plan in payments made using credit cards.