Modifier

Create check installments in the New Zealand version

  • Article

You can create check installments for post-dated checks. You can define the number of installments that a payment is divided into, the percent of interest, and the period in which the checks are created.

To create a check installment

  1. Choose the Lightbulb that opens the Tell Me feature. icon, enter Post Dated checks-Purchases, and then choose the relevant link.

  2. Choose the relevant check, and then choose the Edit action.

  3. On the Post Dated Checks-Purchase page, choose the Create Check Installments action.

  4. On the Options FastTab, fill in the fields as described in the following table.

  5. Field Description
    No. of Installments Specifies the number of installments into which the post-dated check is divided.
    Interest % Specifies the percent of interest.
    Period Length Specifies the period for which the installments are 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.

  6. Choose the OK button.

    The installment checks are created and displayed on the Post Dated Checks-Purchases page.

See also

New Zealand Local Functionality

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