Deferred Down Payments

The software allows for deferred down payments for many deal calculations -- down money that the customer has promised give to you at a later date. Deferred down payments are sometimes known as "pick-up" notes. This money is considered to be part of the amount down, as its name implies. It is not calculated to be part of any payments on a financed deal, nor is it counted as part of the cash due on delivery (C.O.D.).

There are two steps to using deferred down payments in a deal:

1. Schedule the deferred payment(s) in the deal
2. Accept the deferred payment(s) from the customer