Set up payments on invoice balance?

[Buddy]

Is there any way to set up financing for a customer on the balance of their
invoice? I have a customer who paid 50% down on their invoice, but would
like to finance the balance over several months. Is there an easy way to
keep up with the balance and automatically invoice them in equal monthly
payments? Thanks in advance for any help!
Thanks, Buddy

[HeyBub]

Buddy wrote: Is there any way to set up financing for a customer on the balance of their invoice? I have a customer who paid 50% down on their invoice, but would like to finance the balance over several months. Is there an easy way to keep up with the balance and automatically invoice them in equal monthly payments? Thanks in advance for any help! Thanks, Buddy

Here's one way - just to get the juices flowing.

Invoice for the initial payment, say $50 of a total of $100.

Create an invoice for the monthly payment, say $10. Memorize the
transaction. Then tell the memorization methodology to repeat this invoice
five times, each on the first of the month.

[Allan Martin]

"Buddy" <bluedeker@virtualthis.com> wrote in message
news:11md9flon993385@corp.supernews.com... Is there any way to set up financing for a customer on the balance of their invoice? I have a customer who paid 50% down on their invoice, but would like to finance the balance over several months. Is there an easy way to keep up with the balance and automatically invoice them in equal monthly payments? Thanks in advance for any help! Thanks, Buddy

We do not have enough information to give the proper response. What to you
mean by finance? Did you convert the receivable to an interest bearing note?
Did you already record the intital invoice?

[Buddy]

Sorry I didn't provide enough info. The initial invoice has already been
recorded showing the 50% balance left after receiving the 50% down payment.
I would like to let the customer pay the balance over a 6 month period, but
don't know how to send the customer an invoice for the next 6 months. Can
this be done with memorized transactions if there is a balance? I already
use the memorized transactions feature on monthly lease accounts, but they
did not have a balance to begin with, only monthly lease fees.


"Allan Martin" <Allan@GreatGuy.com> wrote in message
news:ZfL9f.37826$rE2.31552@fe10.lga... "Buddy" <bluedeker@virtualthis.com> wrote in message news:11md9flon993385@corp.supernews.com... Is there any way to set up financing for a customer on the balance of their invoice? I have a customer who paid 50% down on their invoice, but
would like to finance the balance over several months. Is there an easy way
to keep up with the balance and automatically invoice them in equal monthly payments? Thanks in advance for any help! Thanks, Buddy We do not have enough information to give the proper response. What to you mean by finance? Did you convert the receivable to an interest bearing
note? Did you already record the intital invoice?

[Allan Martin]

"Buddy" <bluedeker@virtualthis.com> wrote in message
news:11mf7ko4t3rbf3e@corp.supernews.com... Sorry I didn't provide enough info. The initial invoice has already been recorded showing the 50% balance left after receiving the 50% down payment. I would like to let the customer pay the balance over a 6 month period, but don't know how to send the customer an invoice for the next 6 months.

You should not have to send the customer another invoice. If the customer
really needs it just type out a schedule of the monthly payments due and
mail it to your client. Keep it simple.


Can this be done with memorized transactions if there is a balance? I already use the memorized transactions feature on monthly lease accounts, but they did not have a balance to begin with, only monthly lease fees. "Allan Martin" <Allan@GreatGuy.com> wrote in message news:ZfL9f.37826$rE2.31552@fe10.lga... "Buddy" <bluedeker@virtualthis.com> wrote in message news:11md9flon993385@corp.supernews.com... Is there any way to set up financing for a customer on the balance of their invoice? I have a customer who paid 50% down on their invoice, but would like to finance the balance over several months. Is there an easy way to keep up with the balance and automatically invoice them in equal monthly payments? Thanks in advance for any help! Thanks, Buddy We do not have enough information to give the proper response. What to you mean by finance? Did you convert the receivable to an interest bearing note? Did you already record the intital invoice?