Installment Plans

installment plans let an invoice be paid in scheduled monthly amounts instead of all at once — useful for larger charges like annual fees, package bundles, or store docid\ uwls4x9fxmcayqr q5an2 orders 🔛 enabling installments go to settings → billing → installments to configure setting description allow installment plans for which payable types can use installments — e g store orders turning a type off does not cancel plans already in progress allowed plan lengths the installment counts buyers/admins can choose (e g 3, 6, 12) 1 means pay in full schedule mode how due dates are calculated (see below) downpayment required when on, the first installment is collected at checkout; when off, all installments can be deferred receipt mode per installment — each paid installment gets its own receipt; on completion — one receipt once the final installment clears payment reminders days before/after each due date to send automated reminder emails schedule modes mode due dates fall on rolling the same day each month as the anchor date (e g ordered on the 15th → due on the 15th) month end overflow is handled (31st → 28th/29th in february) month start the 1st of each month month end the last day of each month 📅 creating an installment plan for a store order , the buyer picks an installment plan during checkout — only plans available on every item in the cart are offered for an existing invoice, an admin can convert it open the invoice in the payment detail dialog if installments are enabled for that payment type and the invoice is still unpaid, a convert to installments button appears choose the number of installments — a preview shows how the total splits confirm the total is split evenly; any rounding remainder is absorbed into the first installment (e g rm 100 over 3 → rm 34 + rm 33 + rm 33) 📊 the installment schedule once a plan exists, the invoice shows an installment schedule with one row per installment sequence number, due date, amount, and status a progress summary (e g "3 of 6 paid") installment statuses status meaning pending not yet due or not yet paid paid settled overdue past its due date and unpaid waived written off by an admin — not collected, not refunded cancelled removed from the schedule if any installment is overdue, the parent invoice shows as overdue 🔧 admin actions per installment each installment row has an actions menu action what it does mark as paid record payment — choose method, paid date, optional reference and notes a receipt is generated (in per installment receipt mode) waive write off the installment without collecting it cancel remove the installment from the schedule restore return a waived or cancelled installment to pending download / resend receipt for paid installments members see the same schedule in my payments as read only, with a download receipt button on paid installments 📧 reminders automated reminder emails are sent to members based on the reminder offsets in settings — for example 3 days before a due date and again if an installment becomes overdue disabling installments for a payable type only stops new plans plans already in progress continue on their schedule until complete