Add payment and collection instalments to payment conditions

You add payment conditions with all payment and collection instalments that you or your creditors apply. You configure this if you want to collect or pay invoices (of Profit Financial, Order Management, Courses, Projects or Subscriptions) in instalments.

Each debtor or creditor has a payment condition you can link to the properties of the debtor or creditor. You use the payment condition to calculate the due date of invoices. You can deviate from the proposed due date per invoice.

The calculation of the due date, instalments and instalment amounts works as follows:

The term between the due dates is set as a number of months, i.e. not weeks or other variants. This time interval applies to all due dates. You can only deviate from this manually for each invoice.
The due date of the financial invoice, in the event of the use of instalments, is always equal to the due date of the first instalment. The due date of the first instalment is calculated on the basis of the calculation options you set in the properties of the payment condition. This date applies as the minimale vervaldatum. This is because in Pay per day you have the option of moving the due date to a specific date of the month.
Example:

Last day of the month: last day of the month in which the minimum due date falls. The minimum due date for 18-4 becomes 30-4.

The day of the month of the minimum due date is smaller than or equal to the move to date: day of the month in which the minimum due date falls. Minimum due date on 18-2, 20th day becomes 20-4.

The day of the month of the minimum due date is greater than the move to date: day of the month following the month in which the minimum due date falls. Minimum due date on 18-2, 1st day becomes 1-3. Or, for example, minimum due date on 18-12-2015, 1-1-2016.
Profit determines the due dates of the subsequent instalments on the basis of the number of months you have set as the collection interval in Pay per in the properties of the payment condition.
Profit distributes the invoice amount in equal portions over the number of instalments you have set. You cannot distribute the instalment amount using percentages. The instalment amount is the total amount divided by the number of collections (rounded to whole cents). Correction for rounding takes place in the first or last instalment depending on whether the total is smaller or larger than the invoice amount.
Example:

The total is smaller than the invoice amount. The correction takes place in the first instalment. For example € 10 in 3 instalments:

Instalment 1: € 3.34

Instalment 2: € 3.33

Instalment 3: € 3.33

The total is greater than the invoice amount. The correction takes place in the last instalment. For example € 9.95 in 3 instalments:

Instalment 1: € 3.32

Instalment 2: € 3.32

Instalment 3: € 3.31

To add a payment condition with payment/collection instalments:

Go to: General / Configuration / Payment settings / Payment condition.
Click on: New.
Enter a code in Payment condition.
Enter the description.
In the description enter the number of due dates and instalments, for example 4 betalingen per 3 maanden.
Select Payment instalments in Type of payment condition if you want to pay/collect the invoice in instalments.
Enter the number of credit days that applies to this payment condition.
Enter the number of payments. This number must be greater than 1.
In Pay per enter the number of months of the interval between the different payments.
Select a value for Pay per day if you want to move the payment date to a specific date of the month.
The move always results in a later due date, never an earlier date.

Select No postponement if you do not want to move the day of the month, but want to have it remain equal to the day of the month of the due date of the invoice.
Click on: Finish.
Note:

You can also test to determine whether the payment condition meets the specified requirements. The Test a payment condition topic contains a description of this.