Installment Billing

When it comes to installment Billling we are a newbie, so I would like to get some feedback from the commmunity as we are looking into this functionality.

We have been testing with this usinga  daily cycle/schedule and see the benefit of this functionality for part of our business.

We have Customers who need to pay us installments based on an agreed term. This could be a monthly/quarterly/yearly invoice for a number of years, where the total amount of all these invoices matches the contract amount.

As we want to match the amounts invoices against the total, it looks like installment billing is the way to go, as recurring billing will only create an exact copy of the template.