How to Set Up Flexible Payment Plans in Invoices
We are excited to announce capability to add Payment plans to invoices Users can now split their invoices into a payment plan installments A split can be…
1 min read322 words5 explained imagesUpdated Wed, 4 Feb at 10:42 AM
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We are excited to announce capability to add Payment plans to invoices
- Users can now split their invoices into a payment plan installments
- A split can be made both on Percentage basis as well as amount basis
- Each split carries with it a Due Date and Payment Status of that split. Notifications will go on split's due date reminding user to Pay their installment (if not paid already)
- Payments can be done only in predefined split and user can choose to pay one or more installment at a go. An Invoice will get paid once all installment are paid.
How to Use?
- Click on add payment schedule in an invoice
Step 1 of 2: Click on add payment schedule in an invoice What this shows Step 1 of 2: Click on add payment schedule in an invoice What this shows Shows what to click for step 1 of 2 in the "How to Use?" section of "How to Set Up Flexible Payment Plans in Invoices". This screenshot accompanies step 1 of 2 in the "How to Use?" section of "How to Set Up Flexible Payment Plans in Invoices". At this point in the walkthrough you click on add payment schedule in an invoice. The next step is to set up the payment terms with a percentage or fixed amount and send it. What to clickClick on add payment schedule in an invoice Next stepSet up the payment terms with a percentage or fixed amount and send it All 2 steps in this procedure
- Click on add payment schedule in an invoice this image
- Set up the payment terms with a percentage or fixed amount and send it
- Set up the payment terms with a percentage or fixed amount and send it
All 4 steps in this procedure
- Users can now split their invoices into a payment plan installments
- A split can be made both on Percentage basis as well as amount basis
- Each split carries with it a Due Date and Payment Status of that split. Notifications will go on split's due date reminding user to Pay their installment (if not paid already)
- Payments can be done only in predefined split and user can choose to pay one or more installment at a go. An Invoice will get paid once all installment are paid.
- User will view the invoice with ability to view the plan on the invoice
All 4 steps in this procedure
- Users can now split their invoices into a payment plan installments
- A split can be made both on Percentage basis as well as amount basis
- Each split carries with it a Due Date and Payment Status of that split. Notifications will go on split's due date reminding user to Pay their installment (if not paid already)
- Payments can be done only in predefined split and user can choose to pay one or more installment at a go. An Invoice will get paid once all installment are paid.
- User will then pay the invoice and have an option to either select that payment schedule value or add other schedules as well by clicking on a checkbox
All 4 steps in this procedure
- Users can now split their invoices into a payment plan installments
- A split can be made both on Percentage basis as well as amount basis
- Each split carries with it a Due Date and Payment Status of that split. Notifications will go on split's due date reminding user to Pay their installment (if not paid already)
- Payments can be done only in predefined split and user can choose to pay one or more installment at a go. An Invoice will get paid once all installment are paid.
Why this feature?
We are solving one major use case here: For medium to large ticket invoices, we have often gotten a requirement that user wants to pay their invoices in installments. While we already have Partial payment, that gives control to payer of invoice to control what amount to be paid when, With this feature, we are giving control in hands of Payee of invoice of the installment size in which Invoice should get paid.
Frequently Asked Questions
Q: Can I customize the reminder emails sent for scheduled invoice installments?
Yes. You can now customize, enable, or disable the Payment Schedule Received notification for invoices that include a payment schedule.
Go to Payments → Invoices & Estimates → Settings → Notifications → Customer Notifications, then locate Payment Schedule Received and edit the Email/SMS template (or toggle it off).
Buttons and menus referenced
Payment Schedule Received
Next stepNote: Payment schedule merge fields render empty if the invoice does not include a payment schedule.
Note: Payment schedule merge fields render empty if the invoice does not include a payment schedule.
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