Create a Payment Schedule

You can create payment schedules consisting of different installment payments for different time periods (ranges) of the service contract term. Additionally, the payment schedule can also specify a final payment to be applied in the last period of the service contract cycle.

Procedure

1. In Payment Schedules, click New Payment Schedule.
2. In Create New Payment Schedule:
   1. In Name, enter a unique name.
   2. (Optional) In Description, enter descriptive information about its purpose.
   3. (Optional) In External ID, enter any alphanumeric character to serve as a unique ID on this pricing object. The external ID can be used for any reason that is meaningful to your implementation of MATRIXX Engine.
   4. (Optional) In Last Amount, enter the payment amount to be made in the last cycle of the contract.
   5. (Optional) Select Delay Charge if the recurring charge for the current cycle should be delayed until the start of the next cycle.
3. Click Create.
4. In Edit Payment Schedule, specify the payment schedule ranges.
5. In Range, click Create Range.
6. In Create New Range:
   1. In Range Name, enter a unique name.
   2. In Upper Bound, enter a positive integer, or type infinity to specify no end time for the upper boundary of the range.
   3. In Amount, enter the amount of the range.
7. Click Create.
8. Click Save.