Payment Agreements (tcmcs2606m000)
Use this session to to define payment agreements.
Payment agreements are often used in connection with monthly billing invoices.
Field Information
- Payment Agreement
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The payment agreement.
- Payment Agreement Limit
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The maximum invoice amount to which the payment agreement can be applied.
The payment agreement can be applied to invoices of which the invoice amount is less than or equal to this amount. If the invoice amount exceeds this amount, LN applies the payment agreement that you select in the Next Payment Agreement field.
- Currency
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Note: Because multiple financial companies can share the payment agreements, you must define the amounts in the reference currency.
- Next Payment Agreement
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The payment agreement to be applied to invoices of which the invoice amount is exceeds the Payment Agreement Limit amount.
- Ready to Use
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The payment agreement is valid and can be applied.
If the amounts and/or percentages of the payment agreement lines together cover the payment agreement limit, LN selects this check box. If the sum of the amounts is not equal to the payment agreement limit, the sum of the percentages must be 100.