monthly invoices

[Avraham6]

When I open the terms selection there is nothing for 6months or any months payment plan. The recurring invoice just has the total amount due. Is there a way to get monthly statements with total contract price and then beside it the monthly payment due, then the total due at the bottom adding in the 30,60,90 over due??

[K Software]

When I open the terms selection there is nothing for 6months or any months payment plan. The recurring invoice just has the total amount due. Is there a way to get monthly statements with total contract price and then beside it the monthly payment due, then the total due at the bottom adding in the 30,60,90 over due??

Payment terms affect the due date, and the due date is what is looked at for the aging report(s). If the invoice is 1-30 days late (that is, if the current date is 1 to 30 days after the due date on the invoice), then the invoice balance due appears in the aging report in the 1-30 column.

On recurring invoices the payment terms will affect the due date directly. Making a recurring invoice with a Next Invoice date of September 1 and a payment term of NET-30 means that the invoice generated will have an invoice date of September 1 and a due date of September 30.

Recurring invoices just bill a set amount (the line items) on a set billing cycle (like monthly, etc). It isn't designed to split payments over months, though by using the Last Invoice Date you can set a specific date for the invoices to stop recurring - so an invoice for $25 set to Monthly cycle and a Last Invoice Date for 4 months past the Next Invoice date will only bill a total of 4 invoices for $25 each, totaling $100.

Clear as mud? :-)

[Avraham6]

Thank You! I am looking at several programs and testing them for use by my company. I am looking for one that when I have a balance left from the down payment and I tell the program that I want it in 5 monthly payments it will return with 5 monthly invoices with the amount calculatead by the program. It saves a lot of time and mistakes when a company does a lot of monthly payment sales.