Paying an invoice in installments using a payment plan

[chuckwilliams10]

Ok,

So I have another question, my client is entering invoices for their clients with an invoice date in the future...03/03/2012 for a payment which is a payment plan of monthly installments.  Now will an email go out automatically on 03/03/2012?  and how to set up an "upcoming payment" reminder email to go about about 3 days before the due date or invoice date?  Also, in this sceniro are future invoice dates treated as due payments?  These are invoices being creating not attached to any orders.   Also, once this client pays this invoice let say for $250.00 on a loan of $7,000 with monthly payments of $250.00, does a new invoice need to be created for the April payment and is there a better solution to automate this?

[netshine]

So I have another question, my client is entering invoices for their clients with an invoice date in the future...03/03/2012 for a payment which is a payment plan of monthly installments.  Now will an email go out automatically on 03/03/2012?

No.

and how to set up an "upcoming payment" reminder email to go about about 3 days before the due date or invoice date?

You can use an 'invoice overdue' reminder, but change 'send after' from 'yes' to 'no', and change the default wording of the reminder message.

Also, in this sceniro are future invoice dates treated as due payments?

There isn't really a concept of 'due payments' in nBill, other than orders with a 'next due date'.

Also, once this client pays this invoice let say for $250.00 on a loan of $7,000 with monthly payments of $250.00, does a new invoice need to be created for the April payment and is there a better solution to automate this?

No, where a payment plan is assigned to an invoice, and the payment plan stipulates monthly payments, when the client goes to pay the invoice, it will attempt to set up a recurring payment schedule to automatically take the installments each month (subject to the payment gateway supporting this). For example, with Paypal, this will set up a Paypal subscription which expires once the full amount is paid. Each payment is marked off against the original invoice, so there is no need to create a new invoice each time. The invoice will be 'partially paid' while the installments are coming in, and will be marked as 'paid in full' once the full amount of the invoice has been paid.

[chuckwilliams10]

For the reminder, we are needing to be able to send out reminder payments 3 days before the "invoice" date....should I be using the Payment due reminder....any other solutions or advise would greatly appreciated..

[netshine]

No, you should use the 'invoice overdue' type and change 'send after' from 'yes' to 'no'. By changing that setting you are effectively reversing the reminder from 'overdue by x days' to 'due in x days'. The payment due reminder type will only check orders, not invoices so will not work in this case.

[chuckwilliams10]

Hi,

I need to add add 2 new Payment Frequencies that work with the "installment' payment plan...

1. Bi-Weekly- which gives the payee every 14 days to pay the 2 set installment amounts

2. Bi-Monthly- which gives the payee a whole 30 days to make the  2 set installment amounts

In the code if you can help me set that up or is there something I need to add to the database?

[netshine]

Sorry, it is not possible to add new payment frequencies as some of the code that controls that is encrypted.

[chuckwilliams10]

I need this done for my client that is using this software for their car dealership and they offer these additional 2 payment plans...what do we need to do to get this done?

[netshine]

I'm sorry, it cannot be done - I don't have the resources to take on any new customisation work at the moment and this is one of the few areas where a 3rd party developer cannot help due to the pervasive nature of payment frequencies which are sometimes processed in encrypted code.