On first selecting the setting, the 'Instalments: Browse' window is displayed, showing all Instalment plans previously entered. Double-click an Instalment plan in the list to edit it, or add a new record by clicking the [New] button in the Button Bar.

Enter a unique Code and a name and then use the grid to define the Instalment plan as follows:

Days: If the period between each instalment is to be a certain number of days, specify that number of days here. On the first row of the grid, this will be the number of days after the Invoice Date, while on subsequent rows it will be the number of days after the previous instalment date.
Months: If the period between each instalment is to be a certain number of months, specify that number of months here. On the first row of the grid, this will be the number of months after the Invoice Date, while on subsequent rows it will be the number of months after the previous instalment date. In each case, the day in the month will be the same as that of the Invoice Date.; In the example illustrated above, the first instalment will become due one month after the Invoice Date, the second instalment will become due one month after the first instalment, and so on.; If a row contains a value in the both fields, both will be added to the previous instalment date (i.e. previous instalment date or Invoice Date + Days + Months).
Value/Prc: Specify here the value of the instalment. This can be a fixed amount or a percentage of the Invoice value. Percentages must be followed by the % sign as in the illustration.

Save the Instalment record by clicking the [Save] button in the Button Bar or by clicking the close box and choosing to save changes. To close the Instalment record without saving changes, click the close box.

Once Instalment plans have been defined in this setting, they can be assigned to Payment Terms (using the Instalment field in the Payment Term records). When such Payment Terms are used in Invoices, the Due Date will be the last date in the linked Instalment record (twelve months from the Invoice Date in the example illustrated above). The instalments will be listed in the Receipts Forecast, Liquidity Forecast, Overview of Instalments and Payments Forecast reports. Other reports will treat the Invoices as being due on their Due Date as normal.

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