When using Multiple Due Dates, it's possible to allocate a value that is higher than the due value for the payment.
You can amend the Amount column on the Multiple Due Dates screen which recalculates the remaining value and divide it up between the outstanding value and the number of payments remaining.
Example
Transaction gross value = £1090.75.
Set a 12% deposit on the Multiple Due Dates window (£130.89).
Number of Payments = four.
Value for each payment is calculated as (1090.75 - 130.89) ÷ four = 239.97.
(4 x 239.97) + 130.89 = 1090.77. This difference of 0.02 is absorbed by the last payment so the Amount for the last payment is 239.95.
Deposit | 130.89 |
Payment 1 | 239.97 |
Payment 2 | 239.97 |
Payment 3 | 239.97 |
Payment 4 | 239.95 |
On the Multiple Due Dates screen, click into the Amount column for payment two and adjust it to be 300.00.
Payments three and four is automatically recalculated based on the remaining due value and two more payments.
Deposit | 130.89 |
Payment 1 | 239.97 |
Payment 2 | 300.00 |
Payment 3 | 209.95 |
Payment 4 | 209.94 |