Payment schedules (form) [AX 2012]

Updated: June 11, 2014

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

Click Accounts receivable > Setup > Payment > Payment schedules.

–or–

Click Accounts payable > Setup > Payment > Payment schedules.

Use this form to create payment schedules, which you can use to schedule installment payments from customers and to vendors. For example, when you enter an invoice for a customer, you can select a payment schedule that you set up in this form for customer payments. When you enter an invoice for a vendor, you can select a payment schedule that you set up for vendor payments.

The amount and due date for each payment is based on the settings for a payment schedule.

To set up a payment schedule that will be paid with equal payments every month for 12 months, you can enter the following information:

  • Payment schedule: 12 months

  • Description: Pay with equal payments over 12 months

  • Allocation: Fixed quantity

  • Payment per: Months

  • Change: 1

  • Number of payments: 12

The following tables provide descriptions for the controls in this form.

Tab

Description

General tab

Create a payment schedule and view all payment schedules.

A payment schedule consists of consecutive payments in set time intervals.

NoteNote

Use the Terms of payment form to attach a payment schedule to terms of payment that include the due date of the first installment. The due dates of subsequent installments are calculated based on the information that you enter on this tab.

Payment lines

Enter or view the amounts or percentages of the total amounts that are due for each installment of the selected payment schedule.

The periodic payments can be equal or varying amounts or percentages.

Note

Create or modify an internal note about the selected payment schedule.

Field

Description

Payment schedule

Enter a code or a brief description to identify the payment schedule.

Description

Enter a description of the payment schedule.

Allocation

Select how payments are allocated in the payment schedule.

  • Total – The total amount outstanding when the invoice is due.

  • Fixed amount – A specific, fixed amount is due for each payment on the calculated payment dates.

  • Fixed quantity – Payment of the total amount is divided into a fixed quantity of payments.

  • Specified – A specified amount is due on each specified payment date. Define the payment schedule lines and amounts on the Payment lines tab.

Payment per

Select the date interval in days, months, or years to use when calculating the due date of each installment.

Change

Enter the number of units between the due dates of each installment in the Payment per field.

This field is available only if you selected Fixed amount or Fixed quantity in the Allocation field.

Number of payments

If you selected the Fixed quantity option in the Allocation field, specify the number of installments for the payment schedule.

Amount in transaction currency

If you selected the Fixed amount option in the Allocation field, specify the currency amount of each installment.

Minimum

Specify the minimum installment amount. Minimum amounts override calculated payment amounts.

Sales tax allocation

Select a method to distribute the sales tax amount to the payment schedule installments.

  • Proportionally - The sales tax amount is distributed evenly, with the same tax amount in each installment.

  • First installment - The total sales tax amount is included in the first installment.

  • Last installment - The total sales tax amount is included in the last installment.

Charge allocation

Select how the order charges will be allocated across each payment.

This control is available only if Call center in AX 2012 R3 is installed.

Maximum amount

Enter the maximum order value allowed for an order to qualify for installment payments.

This control is available only if Call center in AX 2012 R3 is installed.

Minimum amount

Enter the minimum order value allowed for an order to qualify for installment payments.

This control is available only if Call center in AX 2012 R3 is installed.

Flexible plan

Select this check box to allow customers to determine the number of installment payments they will make for an order.

This control is available only if Call center in AX 2012 R3 is installed.

Quantity

If you selected Specified in the Allocation field, the number of days, months, or years after the due date that is defined by the terms of payment for the invoice is indicated here.

Create a line for each installment.

  • In the first line, enter the number of days, months, or years that is specified in the Payment per field.

  • For the remaining lines, enter the number of days, months, or years between the due dates of the previous installment and the current installment.

Amount in transaction currency

Enter the value of the installment as a percentage of the amount invoiced or as a currency amount, depending on the selection in the Percentage/Amount field.

Percentage/Amount

Indicate whether the value entered is a percentage or a specific amount.

Note

Enter a note that explains how and when to use the payment schedule. The note is optional and is for internal use only.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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