Examples of payment conditions with payment instalments

The table below shows examples of the due date and instalment amount Profit will calculate for the Payment instalments type of payment condition.

Example of Type of payment condition with Payment instalments of 3x every 2 months and 30 days after invoice date with shift

Payment condition

Invoice

Financial invoice

Instalment payments

Example of Type of payment condition with Payment instalments of 2x per quarter and 30 days after invoice date with shift

Payment condition

Invoice

Financial invoice

Instalment payments

Example of calculation of due date and the balance of payment instalments when generating collection orders, payment orders and refunds

If you are generating collection orders, payment orders and refunds, then Profit checks the outstanding items with payment instalments against the due date and the balance of the payment instalments. If several partial payments of the same invoice meet the criteria, then these are accumulated.

Example 1

A sales invoice with automatic collection has the below payment instalments. You collect an amount every 25th of the month. The first instalment was collected in full on 25-4. The second instalment was collected on 25-6, but was reversed. However, on 15-7 the debtor made a payment of €50.00. As a result, the collection run on 25-8 shows the following balances:

Consequently the collection run of 25-8 will result in collecting € 47.96.

Example 2

The same sales invoice, only now the customer has paid €40.00. As a result, the collection run on 25-7 shows the following balances:

Consequently the collection run of 25-8 will result in collecting both the balance of €8.98 as of 20-6 and the balance of €48.98 as of 20-8, so a total of €57.96.

See also:

• Examples of payment conditions