A payment schedule is a series of payments to be made on
a leased or rented asset on a schedule basis, such as weekly, monthly,
or on certain days or dates. To reflect your changing business needs,
you can revise a payment schedule for leased or rented assets.
Before you begin
To revise payment schedules, the status of the lease contract
must be approved.
About this task
When you generate scheduled invoices for the revised schedule,
the system date is used as the start date.
Procedure
- In the Lease/Rental Contracts application, select the contract
whose payment schedule you want to revise.
- Select the Manage Payments action.
- On the Payment tab in the Payment
Schedule dialog box, select the schedule and revision that
you want to revise.
- Click Revise Schedule. When you revise a schedule, the remaining scheduled invoices
are canceled.
- Click OK.
- Update fields as necessary.
- Click Generate Payments.
- Click OK.
- Save your changes.