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Documentation > MAC-PAC Reference Library > Financials > Accounts Receivable > Key Concepts and Procedures > Generating Installments > Selecting Installments for Payment

Selecting Installments for Payment

 

Installments are treated by the Accounts Receivable system as unique open items.  Once the installments are created, they are identified by the invoice number and a three-digit number corresponding to the position of the installment in the payment plan.  For example, the fourth installment for invoice number INV00001 would be identified as INV00001 004.

To select an installment for payment, enter the Payment Entry and Application conversation and display the Open Item List Screen for the desired customer.  If the customer has open installments, the installment number will be displayed next to the company/location.  A sample screen for a customer with installments is shown below.

 

 WILLIAMS                PAYMENT ENTRY AND APPLICATION                   5/21/96

 DSPO1                           OPEN ITEM LIST                          LIST  

                                                     Pmt Amt               .00 

 Customer   C01         001 BRU  Due Date  0/00/00   Applied               .00 

 Cust Nme   ANDERSEN MANUFACTURING                   Chrgbck               .00 

 Payment    CK CSS-F1    BEF     Pmt Date  5/21/96   Ded Amt               .00 

                                                     On-Acct               .00 

 Pay Document    Stat    Amount Open     Disc Avail        Due Date            

     Co Loc Inst      Applied     Discount Taken  Writeoff/Chgbck   Dsc Date Cur

     Sales Order Number Customer PO Number                                     

     IN TO304001 OPEN              43.68              .00   3/31/96            

     IN TO306001 OPEN             110.00              .00   3/31/96            

     CR 00000012 OPEN              20.00-             .00   4/30/96            

     CR 00000013 OPEN               4.00-             .00   4/30/96            

     CR 00000015 OPEN      11,000,110.00-             .00   4/30/96            

     CR 00000016 OPEN              11.10-             .00   4/30/96            

     CR 00000017 OPEN             100.00-             .00   4/30/96            

     DR 00000003 OPEN              30.00              .00   4/30/96            

     DR 00000004 OPEN              30.00              .00   4/30/96           +

  D - Detail   G - Gross    N - Net      C - Reset                             

 F4=Prompt           F6=Fold/Truncate    F9=Applications     F12=Apply to Oldest

 F13=Cancel Tran     F14=A/R Inquiry     F16=Review Header   F21=Deductions    

 F22=End Tran        F23=End Trn/On Acct                                       

 

 

           Open Item List for Customer with Installments

 

Here you can see two separate items with invoice number INV00001, but each item also contains an installment number (003 and 004) that uniquely identifies it.  You can select any of these items for payment as you would any other open item.