You can create check installments for post-dated checks. You can define the number of installments that a payment will be divided into, the percent of interest, and the period in which the checks will be created.
On the Options FastTab, fill in the fields as described in the following table.
Field | Description |
---|---|
No. of Installments | Specifies the number of installments into which the post-dated check will be divided. |
Interest % | Specifies the percent of interest. |
Period Length | Specifies the period for which the installments will be created. For example, if you want to divide the check into monthly installments, enter 1M. |
Start Document No. | Specifies the starting number of the document. Based on the number of installments specified, the consecutive numbers are allocated to the documents created. |
Choose the OK button.
The installment checks are created and displayed on the Post Dated Checks-Purchases page.
© 2019 Microsoft. All rights reserved.