Customer AR Flexible billing

Dear AR Guru;

Is there a functionality that our Credit Collection team be able to send an installment invoice to our

Customers?

For example:

We billed a customer for $1200.00 in Jan-2015.

They agreed to pay $100.00 for this invoice every month.

Is there an AR capability that we can use to bill this customer

$100.00 per month?

Basically we are looking for flexible billing for customer payments as some of our customer cannot pay their entire

Invoice at one time.

Thanks for assistance and feed backs.

Best Regards,

Abb.