Assigning a payment schedule to a customer or supplier

Scheduled Payments allow transaction lines to be automatically split according to a schedule of percentages and date information that you can configure.

You can assign a payment schedule to a customer or supplier, by identifying the Scheduled Payment Code in a payment terms group, and then specifying that Payment Terms Group Code in the customer or supplier record.

In Journal Type (JNT) check the Allow Scheduled Payments option on the journal types that are to be used for customer or supplier transactions and require payments in instalments.
Consider the Preserve original line values option in Ledger Setup (LES). If you want original transaction lines to be preserved, thus creating reversals as well as the split transactions, then set the Preserve Original Line Values option. However, if you want to overwrite the original transaction lines, then leave this option blank.
To attach a scheduled payments record to a customer or supplier, elect Scheduled Payments Setup (SCH) from SunSystems and complete the Scheduled Payments Setup form.
Select Action > Instalment Lines Setup, to open the Instalment Lines Setup form. Click Amend if you want to change any of the details.
From SunSystems, select Payment Terms (PYT). Select the payment terms group code you wish to modify, or alternatively create a new payment terms group. In the Scheduled Payment Code selection box, select the scheduled payment record you have created in steps 1 and 2. Click OK to save the payment terms group record.
From SunSystems, select either Customers (CUS) or Supplier (SUS). In the Payment tab, select the Payment Terms Group Code you have created or modified in step 3. Click OK to save the customer or supplier record.

After following these steps, transactions entered in that customer's or supplier's account are considered as relevant for splitting, and their specific treatment depends on the options you set in steps 2 to 5 above.