Service contract installments

The invoicing details for the service contract or service-contract quotation are specified on the Invoicing tab in the details sessions.

The chosen invoice method determines the type, and number, of installments that are presented. The invoice method also determines whether the invoices are presented before work begins or after completion.

The invoice method is linked to a service-contract quotation or a service contract by means of installment templates. After insertion, you can alter the details suggested by the template, if required.

The accepted installment is passed over to the Invoicing module of Invoicing, which handles the printing of the installment documents. This module also notifies the Financials package of this event. The module returns the invoice date, invoice number, and posting date for use in the Contract Management module.

You can cancel an installment only when the status is set to Free or Accepted.

When a service contract is posted to history, the associated installments are also posted to history.