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Former Member
Mar 19, 2008 at 06:00 PM

Receipt of Payment in Installment

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Hi,

I am working on a scenario, where the sales will take place & payment will be received in Installments.

Scenario 1:

Say Product A has a Billing value of Rs. 2,000/- & sale takes place on 19th March. Immediate payment is received of Rs 500/- & balance will be received on 10th of every month starting from April.

Scenario 2:

Say Product A has a Billing value of Rs. 2,000/- & sale takes place on 25th March. Immediate payment is received of Rs 500/- & balance will be received on 10th of every month starting from May. (All Invoices billed on Installment basis on or after 25th, will be entitled to start installment not in immediate following month, but the month after that.

Please guide how to configure this scenario.

Regards,

Rajesh Banka