Creating a payments only arrangement template

There are two types of payments only arrangements, recurring and scheduled. Under a recurring arrangement, the customer pays a minimum or average amount at a specified interval for as long as the arrangement is in effect. Under a scheduled arrangement, the customer makes a specified number of payments.

  1. Select Billing > Setup > Delinquency > Payment Arrangement Template.
  2. Click Add above the Arrangement Setup grid.
  3. Specify this information:
    Template Name
    Specify a name for the template.
    Default Template
    Select this check box to set this template as the default.
    Type
    Select Payments Only.
  4. If you are defining a recurring arrangement template, select Recurring and specify this information:
    Amount
    Specify the amount of the recurring payments.
    Frequency
    Specify the frequency of the recurring payments, such as Monthly or Weekly.
    Average Per Period / Minimum Per Period
    Select one of these options to indicate if the payment amount is an average or a minimum.
  5. If you are defining a scheduled arrangement template, select Scheduled and specify this information:
    # Payments
    Specify the number of payments to be made under the plan.
    Amount
    Specify the payment amount.
    Frequency
    Specify the frequency of the payments, such as Monthly or Weekly.
    Down Payment
    Specify the amount of the down payment, if applicable.
    Due in
    Specify the number of days before the down payment is due.
  6. Click Save.