Getting confusion at terms of payment for vendors.
What is installment payment? & what purpose we are using installment payment?
How do i configure this step?
Thanks in advance.
Installment payment is say for example you have a vendor for which you will pay money in parts say 100000 is divided into four parts, 25000 each installment. you can configure it in path financial accounting new----accounts receivable and accounts payable's----- incoming invoices/credit memos---maintain terms of payment, here you have option of installment option, create the same and assign it to the vendor master record.
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