schedule payments in dynamics gp 2010

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Posted on by mohammed aarif

we have a credit card system for our employees in our company with the credit limit depending upon their job profile, we create the invoices as and when we receive info from the card swipe data for what ever item is purchased by the employee and we schedule the payments for 20 months for which we are using schedule payments and we charge 3% interest for 20 months.

now the question is

suppose the employee purchased an item costing 1000 which we have schedule for payments for 20 months with 3% interest

he pays 2 installments and wants to settle the balance amount by paying the full amount in his 3rd installment

how can we do that in dynamics gp 2010 remember i want the balance interest for the full amount pending i.e 3 % and balance amount

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L Vail 65,271 on at

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Hi Aarif,

You need to open your scheduled payment contract and modify the terms as far as how many payments are expected. Change it to one payment on the anticipated payment date and you should be good to go.

Kind regards,

Leslei

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