Installments Tab (Pledges)
  • 19 Sep 2023
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Installments Tab (Pledges)

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Article summary


Installments Tab (Pledges)

The Installments tab provides a visual breakdown of each payment that is due on the Pledge, including the amount and date due, the Fund and accounts that will be affected by each payment.

The installments are automatically built based on the information you enter in the First Payment Date, Number of Payments, and Frequency fields on the Pledge tab. However, you can also make manual changes to each payment line.

NOTE: You can only make changes to the Date or Amount fields if the payment Frequency is set to Irregular.

Installments Tab

 Installments Tab Fields

Field

Description

No.

The number of the installment line. This is simply a sequential number that indicates where the payment falls in the installment plan. You cannot edit this number.

 

Amount

The payment amount due for the selected line item.

You can change the amount due for any installment line by clicking in the field and entering a new amount.

NOTE: You can only make changes to the Amount if the payment Frequency is set to Irregular.

Date Due

The date when payment for the selected line item is due.

You can change the date by clicking in the arrow in this field and selecting a different date.

NOTE: You can only make changes to the Due Date if the payment Frequency is set to Irregular.

Fund ID

The Fund that will receive payment on the Pledge.

It is possible to split the Pledge between different Funds by clicking the arrow in the Fund ID drop-down box and selecting a different Fund for a given line item.

NOTE: Each installment line only go to one Fund, but payments to two different Funds can be scheduled for the same date.

Debit Account /Credit Account

The G/L accounts that will be affected by the payment.

NOTE: The default accounts are determined by the Fund Class default account mapping, but you can change the accounts for a line item by clicking the arrow in the account drop-down box and selecting a different account.

 


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