Creating payment schedules

You can create or maintain a payment schedule for an unreleased invoice. Use payment schedules when you want to pay off an invoice in a select number of payments. The application automatically creates a payment schedule based on the schedule frequency you select. This procedure describes the process for creating a payment schedule.

Create a payment schedule

Access Payment Schedule (AP20.8). Inquire on the invoice for which you want to create a payment schedule.
Select options to have the system create a payment schedule or create the payment schedule manually.
- To have the system create the invoice payment schedule, specify the number of payments in the Split Number field, select a Split Schedule, and select the Split form action. (This is not an option if Best terms is used.)
- To create a payment schedule manually, add new payments or make field adjustments to existing, scheduled payments and select the Change form action.
To maintain discount information for a scheduled payment, select the Discount detail tab.
To define manual cash payment information for a scheduled payment, select the Cash detail tab. Creating a manual payment transaction for an unreleased invoice Creating a manual payment transaction for a released invoice
To assign Bills of Exchange (BOE), select the BOE detail tab.

To create a manual bill of exchange payment for the invoice or to specify a vendor-issued bill of exchange, specify the bill of exchange number. If specified, the payment code assigned to the invoice must be a valid bill of exchange payment transaction code in Cash Management.