How do I Create a Payment Plan Template?

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  Overview

RecDesk allows you to create a Payment Plan for an Invoice to create multiple installments on the unpaid balance of an Invoice. A template will allow you to use the same template for multiple invoices and expedite the process.

   To create a new Payment Plan Template, go to the Money tab and click on New Payment Plan Template.

Payment Plans

Installment payments can be:  1) Auto-Scheduled for Payment (see How do I set up a Household Stored Payment Option for Payment Plans? and Authorize.net), 2) Emailed to Customer for Online Payment or 3) Managed Manually in RecDesk Director.

How do I Create a Payment Plan Template?

  1. Assign a Template Name
  2. Select a Payment Frequency from the drop down
    • For Daily Payment Frequency, select how often to create Daily Payments by choosing a number in the Every # days drop down
    • For Weekly Payment Frequency, select how often to create Weekly Payments by choosing a number in the Every # weeks drop down. Then select from ONE of these options:
      • Based on Invoice/renewal date - select this option to have payments start on the current date (or Membership Renewal Start Date - this is the best option for Membership Auto-Renewals)
      • On specific day(s) of week - select which day(s) of the week payments will be made
    • For Monthly Payment Frequency, select how often to create Monthly Payments by choosing a number in the Every # month drop down. Then select from ONE of these options:
      • Based on invoice/renewal date - select this option to have payments start on the current date (or Membership Renewal Start Date - this is the best option for Membership Auto-Renewals)
      • On Day of Month - enter the calendar day from the drop down
      • choose a more specific pattern by selecting the On the option and choosing from the drop downs (for example, On the Last Friday)
  3. Optionally enter an Initial Payment/Deposit as a Percent (%) OR in Dollars ($)
  4. Enter Number of Payments (Note: this number does not include Initial Payment/Deposit)
  5. To preview what the plan will look like, optionally click Show Plan Preview and enter a Total Amount to Pay and a Plan Start Date and then click Preview Plan
  6. Click Save
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