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Documentation > MAC-PAC Reference Library > Financials > Accounts Payable > Key Concepts and Procedures > Generating Installments > Selecting Installments for Payment

Selecting Installments for Payment

Installments are treated by the Accounts Payable system as unique open items.  Once the installments are created, they are identified by the invoice number and a three-digit number corresponding to the position of the installment in the payment plan.  For example, the fourth installment for invoice number INV00001 would be identified as INV00001 004.

To select an installment for payment, enter the Manual Payment Entry and On-Account Application conversation and display the Open Item List Screen for the desired vendor.  If the vendor has open installments, the installment number will be displayed next to the invoice number.  The following figure shows a sample screen for a vendor with installments.

WILLIAMS                       ACCOUNTS PAYABLE                        1/13/93

 DSP01                        MANUAL PAYMENT ENTRY                         LIST

                                                                               

 Vendor  BCA00001  BCA MANUFACTURING               Pmt Amt              2000.00

 Pmt     CK CK0000003000  Pay Co/Loc 001 BRU       Applied                  .00

 Batch        Cur  USD    Pmt Date   01 13 93      Unapplied            2000.00

                                                                               

 Pay  Document            Pay Date Curr    Amount Open        Amount Applied   

       Co/Loc  Bk Pmt Sel Stat  Disc Hold   Disc Avail            Disc Taken   

      IN INV000000300 005 06 17 93  USD         4425.00                   .00  

       001 BRU B1 CK   N  OPEN   Y     N             .00                   .00 

      IN INV000000111 005 07 02 93  USD          368.75                   .00  

       001 BRU B1 CK   N  OPEN   Y     N             .00                   .00 

      IN INV000000112 005 07 02 93  USD          368.75                   .00  

       001 BRU B1 CK   N  OPEN   Y     N             .00                   .00 

      IN INV000000200 004 08 17 93  USD          125.00                   .00  

       001 BRU B1 CK   N  OPEN   Y     N             .00                   .00 

      IN INV000000200 005 09 17 93  USD          125.00                   .00  

       001 BRU B1 CK   N  OPEN   Y     N             .00                   .0  

  D - Detail    G - Gross    N - Net    R - Reset                              

                                                                               

 F4=Prompt           F7=Display Header   F12=Apply to Oldest F13=Cancel Trans  

 F22=End Tran                                                                  

                                                                                

 

           Open Item List for Customer with Installments

 

In the figure above, you can see two separate items with invoice number INV00000200, but each item also contains an installment number (004 and 005) that uniquely identifies it.  You can select any of these items for payment as you would any other open item.

You can also select installments for payment through Automatic or Manual Payment Selection, just like other invoices.