How to create a new payment schedule

Each contract can contain one to many payment schedules with detailed information about the incoming or outgoing payment.

How to create a new payment schedule

1. Go to Contracts and open the contract on which you want to register a payment schedule, in editing mode.

2. Scroll down to the Payments section.

3. Select another Currency if you don't want to use your database currency. Note that all payment schedules for this contract must be registered in the same currency. So, if there are already payment schedules on this contract, you can no longer change this field.

4. Click Payment schedule.

5. Enter at least all mandatory fields such as type of payment, amount and dates. Read more about the fields under Payment schedule card.

6. If you are aware of a scheduled adjustment such like continuous adaptions to the consumer price index or IFRS 16 leases, click Add adjustment schedule. Read for this How to register planned adjustments.

7. Save the payment schedule.

The payment schedule is now created and displayed on the contract. All payment schedules on the contract are displayed with total amounts and remaining amount plus related totals at the bottom. For more details, click View detailed calculations.