Create payment plans on projects
Vertec enables invoicing of instalment payments on a project basis
Easily map payment plans
Enter instalment payments on projects in advance and invoice them at the desired time. You complete this process in Vertec with payment schedules. Break down the total amount of a project into lump sum instalments, invoice them and then create a final invoice. The amounts to be invoiced may vary. For example, depending on the economic situation of the invoice recipient, the amount of an invoice may be lower. a final invoice summarizes the individual invoices of the respective project.
How payment plans work
Entering planned payments using a payment plan
On the desired project, the sub-items “New” and then “Scheduled payment” can be selected from the menu. If information such as the designation, date and the amount of the instalment for the planned payment have been entered, the planned payment is automatically collected in the folder “Scheduled payments”.
Settling scheduled payments of the payment plan
Each scheduled payment can be invoiced individually. To do this, open the respective payment from the project that you want to charge and select the item createinvoice for scheduled payment” in the menu.
Create the final invoice of the payment plan
All planned payments per project are invoiced via a final invoice. This is created via the respective project. The final invoice shows all services recorded on the project.
Our accompanying Blog Articles provides more details on payment plans in Vertec.
Knowledge Base articles
Prerequisites
Module “Services & CRM”
Related features
Frequently asked questions
What ERP features does Vertec offer?
From service and expense recording to post-calculation, costing and controlling: With Vertec you are optimally positioned as a project- or mandate-oriented service company. With the Business Intelligence module, you can even visualize data directly in the Vertec interface.
A complete overview can be found in the overview of features.
Can installments be entered in Vertec?
If only parts of an invoice should be paid, then click on the “Pay” section of the invoice and enter the amount received there. The outstanding amount remains on the invoice.
Can the invoice amount be reduced later by a deposit?
In the course of billing, Vertec takes account of advance payments. It automatically checks whether services or invoice amounts, such as expenses or outlays, have been recorded on a project. After the billable items on a project have been reviewed and approved, they are taken into account in the invoicing just like the advance payment.
Can I save deposits or payments in advance and create an invoice for a deposit?
Yes, you can use advance downpayments for projects in Vertec. You can also send these advance downpayments to your customers as an invoice.
How can I test Vertec without obligation?
You may test Vertec for 30 days free of charge and without obligation in your personal test environment.
Start your free trial now.
