You use payment schedules to create a series of payments
to be made on an asset. You can schedule the payments to occur weekly,
monthly, or on certain days or dates.
Before you begin
The contract must be approved before you can create a payment
schedule.
About this task
The payment schedule option must be selected on the
Properties tab.
Procedure
- In the Lease/Rental contracts application, select the contract
for which you want to generate a payment schedule.
- Select the Manage Payments action. The Payment Schedule dialog box opens.
- On the Payments tab in the Schedule
table window, click New Row.
- Specify values for the target invoice status, the start
date, and the general ledger debit account.
- Optional: Specify additional schedule information.
- In the Schedule Lines table window, click Select
Assets.
- Specify values for general debit account, periodic payment,
and line cost.
- Click Generate Payments to generate
scheduled invoices with specified due dates for all assets listed.
- Click OK.
- Save your changes.