Adding an Installment Agreement
- Note: Before you start, make sure to enable the installment management app in your account.
Daftra software allows you to create an installment agreement between you and the client directly after you create a sales invoice for them. For more info about creating an invoice, please refer to the “Creating a Sales Invoice” guide.
After you create the sales invoice, follow the following steps to add an installment agreement as agreed between you and your client.
- Note: You can’t create an installment agreement for a fully paid invoice.
- From the main menu, click on “Sales”.
- Click on “Manage Invoices”.
- Click on the required invoice that you wish to add an installment agreement for.
- Click on the “Set Up Installment Agreement” button at the top of the invoice information.
- Enter the required data for creating the installment agreement as follows:
- Installment Amount: Enter the amount that the client will pay on each installment period.
- Period of Installments: Select from the menu the installment period for the client between (Weekly, Bi-Weekly, Monthly, Quarterly, Semi-Annually)
- Installment Start Date: Select from the calendar the date in which the client will start paying the installments.
- Note: the system will calculate the installments count automatically based on the installment amount and the total overdue amount for the client, whilst the end date will be set based on the auto calculated installments count in addition to the installment period that you have selected.
- Notes: Enter any notes related to the installment agreement if there are any.
- Click on the “Save” button.
- The system will display a success message for adding the installment agreement along with all the agreement details.