Scheduling Deferred Payments

If you are taking deferred payments from a customer as part of the deal, you can enter those payments into the software's deal screens. In the Deferred Down box on the deal screens, enter the total amount of deferred down money you have agreed to receive from the customer.

Once you have entered the total of deferred down money, you may then break out that total into 3 separate payments by clicking the Schedule button. The software will display a window in which you can set the due dates of these 3 separate payments as well as the amounts due at each payment.

When you set a payment amount less than the total deferred amount due, the software will automatically fill in the next payment with the remaining amount. For example, assume you schedule a total amount of deferred down money of $650.00. When you schedule the first payment, you set a payment amount of $400.00. When you do, the software will calculate that your customer still has $250.00 left to pay and then sets the next payment amount to be $250.00. If you then decide that the customer will instead make a second payment of $200.00, then the software knows to help you schedule a third payment for the remaining $50.00.

Click the OK button to finish scheduling the deferred down payments on this deal.