Adjust Payment Terms

• Receivables > Installment Receivables > Manage and Adjust Installment Contracts > Adjust Payment Terms button

• Receivables > Installment Receivables > Manage and Adjust Installment Contracts > Review Contract Details button > Adjust Payment Terms button

Use this field to add grace days to an installment term.  You may select a value from 1 to 30.

In order to make a change to this field, you need to have Installment; Add Contract Grace Days enabled in the receivables security settings, or you must obtain a security override from an authorized user.

Use this field to extend the number of months in the installment contract's term.  You may select a value from 1 to 12.

In order to make a change to this field, you need to have Installment; Extend Contract's Number of Months enabled in the receivables security settings, or you must obtain a security override from an authorized user.

If there is a same as cash Type of contract where customer agrees to pay total amount due by specified date to avoid paying interest and insurance fees on financed amount. If customer pays by the due date, interest and insurance are rebated. date on the contract, the date displays at this field.

To exclude the selected installment contract from auto pay, check the box at this field.  Otherwise, leave the box blank.   To access this field, the user must have Installment; Exclude Contracts from Auto Pay enabled in the receivables security settings.

• G/L Account Maintenance - Select this option to access the G/L Distribution screen, where you can maintain G/L accounts for installment contracts.