Deposits, due dates and installments

Deposits

If a deposit amount is entered into the deposit field of the payment schedule, that amount is due upon date of the invoice (whether today or a future date), and is part of the total due. If entire invoice amount is due upon receipt, there is no need for an amount in the deposit field. This amount is only necessary if you require a certain amount paid immediately to secure services.

Installments

If you want to break up the payment schedule over a period of time, you can edit the payment schedule in conjunction with a future Due selection. The time until due is divided evenly into the number of periods you select for installments, and the invoice amount is also divided evenly. These dates and payment amounts can be customized individually if desired. If a deposit is added to the payment schedule, that amount is due at time of billing (invoice date), and the remaining balance is the amount divided up into installments.

Please see more about installments within this article: Invoice Installments.

Email notifications are sent to the client when:

• Invoice is initially created

• 3 days before a payment is due (whether it is 1 installment, or total invoice)

• 1 day after it is overdue (when it is the final due date)