Setting finance payment options for an invoice

Typically a single invoice will be created for the whole rental contract period. For example the contract may be for 12 months, with 52 payments at weekly intervals.

Create a new Invoice or edit an existing Invoice.
In the Invoice screen, click the Extras menu at the top right, then click Finance Settings.
The Loan Amount will default to Invoice amount.
Set the Loan Term (Months).
Enter the Repayment Amount the customer will be required to pay at each payment interval, i.e. each week or fortnight.
Enter the Start Date and Finish Date for the contract.
Set the Payment Frequency Interval. If payment is required per fortnight, then set as Weekly and then set the Payment Frequency Number as 2.
Leave the Extended Finish Date blank. This may be used if the contract is to be extended to allow for late payments.

Finance Module

Finance Module