Installment Billing

Installment Billing is only available with exhibit, membership, grant, and any fundraising products. With grant and fundraising products, installment billing will default as a payment method.

An Installment Billing can be done for any invoice but at least one product must be an installment product i.e. fundraiser, grants, memberships etc.

Adding Records

The below invoice includes, two merchandise products, one event registration and one fundraising product. The Installment Billing option was available in the type drop-down list after a batch was selected.

Enter the number of installments required in the # of installments text box. If the auto apply payment? check box is selected, the amount of each installment will automatically populate in the payment amount text box.

If you choose the installment option, then all the line items in the order are added into the installment schedule and are allocated equally across each installment schedule. It is not possible for one line item in an order to be paid in full while other line items go through installments.

Installment Billing Profile

When a product can be paid for in a series of partial payments, the process of sending invoices to the customer over a period of time is called "installment billing." The Installment Billing Profile shows the customer's name, who the bill will be sent to, billing address, the order code, frequency of the installments, invoice terms, billing status, invoice type, media code, source code, and notes.

The generate next installment icon allows you to generate the next billing installment.

The Billing Installment child forms allow you to view order details: product name, product type, installment amount, and amount left; and the billing schedule, including the date the billing will be processed, the amount processed, and last billing date. The Invoices child form allows you to view invoice details including invoice number, customer name, batch, invoice type, invoice status, and invoice date.