Pay a purchase invoice in multiple instalments

You can pay purchase invoices of your creditors in multiple instalments. You configure this via the below procedure.

To pay a purchase invoice in multiple instalments:

1. Go to: General / Configuration / Payment settings / Payment condition.
2. Click on: New.
3. Enter a value in Payment condition.
4. Enter the description.
5. In Type of payment condition, select Payment instalments.
6. Enter a value in Number of payments.

   For example, enter 12 if you want to pay part of the invoice every month.

7. Complete the remaining fields.
8. Click on: Finish.

To configure the creditor:

1. Go to: Financial / Creditor / Creditor.
2. Open the properties of the creditor.
3. Go to the tab: Outstanding items.
4. Open the properties of the invoice you want to pay in instalments.
5. Go to the tab: General.
6. Select the Payment instalments check box.

   You are now asked to confirm that you want to record payment instalments.

7. Click on: Yes.

   You now directly open the entry layout for creating instalments.

8. Click on the action: Generate instalments.
9. Select a value for Payment condition.

   Here, select the payment condition you added in the above procedure.

10. Click on: Finish.