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Payment Schedule

What is Payment Schedule in Businessflo​

A Payment Schedule outlines the specific dates and corresponding amounts for payments to be made towards a financial instrument.

How to Create a Payment Schedule in Businessflo​

  • Module: AR - Accounts Receivable
  • Process Code: ARSP - Payment Schedule

There are two options available to navigate to this screen.

  • Click on Accounts Receivable -> Payment -> Payment Schedule
  • Write the process code for this screen in the search bar which will navigate you here directly.

The list displays the existing Payment Schedules that have already been created in the system. You have the option to either create a new payment schedule by clicking the "New" button or select from the list of available payment schedules to view, edit, or delete them.

Process​

payment-schedule

To create a new payment schedule, fill in the necessary details:

After filling the header fields, click on Create.

Basic Data Tab​

  • Based on:- Select from 'Specified' or 'Interval' as per the need.
  • Interval Unit:- Mention interval unit as days, months or year.
  • Interval:- Enter number of intervals.
  • Number of payment:- Enter number of payments to be made.

Specific Schedule

Fill in the schedule with the asscociated percentages.

Now click on Save to save the information provided.