Amount based Instalment Plans
Instalments how it works in Oracle is as follows :
Steps : Accounts Receivables > Billing > Create Transaction > Enter header details, with payment terms Complete and Review. Instalments are created based on the payment term.
Customer has a total due of £738.42 which the customer agrees to Pay by the following Frequency : Monthly
No. of Instalments : 8
-Payment Term 8 monthly if it is assigned at the Invoice, Instalments would then automatically be created for 8 equal instalments of £92.30 each.
However Client requirement is that Instead of the Payment Term, the instalment amount is agreed with the customer