How do I set up an installment in Accounting Professional 2009?


S

Sergio

Can anyone pls share your experience and procedures to set up an installment
payment?

Till now, I've been making as many invoices as the number of payments,
adding a letter to differentiate (8550A, 8550B,...).
But, by doing that, I first have to divide each value by the number of
payments. The way I found to do that was to divide the number of items,
preserving the real total cost of units.

Let say I sell 1 item for $1000,00, but the customer will pay me in 3
parcels of $333.33,00 (thats a horrible 333.33333...). In each invoice, I
change the number of items to 1/3 (0.33) to achive the total amount in 3
parcels (999.99).

Another way is to adjust the final price in each invoice to $333.33, but
that way I will be registering invoices with 66.67% of discount each, so I
preferred the first one.

I suspect that this is the stupid way to do it...is there a good soul to
teach me the right way?!

Thanks in advance,

Sergio
(e-mail address removed)
 
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