How to: Create Check Installments

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

To create a check installment

  1. In the Search box, enter Post Dated checks-Purchases, and then choose the relevant link.

  2. Choose the relevant check, and then, on the Home tab, choose Edit.

  3. In the Post Dated Checks-Purchases window, on the Home tab, choose Create Check Installments.

  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 will be divided.

    Interest %

    Specifies the percent of interest.

    Period Length

    Specifies the period for which the installments will be 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 in the Post Dated Checks-Purchases window.

See Also