Payment plans: splitting up payments

When creating a purchase invoice, a payment line is created on the 'Payments' tab with the invoice amount. With the New 

button on this tab, you create a new payment line. In this way, you can record multiple payment lines under a purchase invoice for payments at different times and to different bank accounts. When creating and saving a new payment line, the amount of the new line is automatically deducted from the last payment line that has not yet been paid.

 

Outstanding payments redistribution

The payment amount can be changed as long as a payment line has not yet been paid (added to a payment in the Payments module or added to a payment batch via Online Banking). This can be done using the Outstanding Payments Redistribution

button. When you click this button, a screen opens with the payment lines for which you can change the amounts of the payment lines that have not yet been paid. In the event of redistribution, the invoice total must of course remain the same.

 

Currency differences

It is good to know how MKG handles payments of foreign currency invoices. The payment amount is shown in the invoice currency. Due to rounding differences, it is possible that the total payment of an invoice does not fully match the outstanding item that is expressed in the administration currency. If this difference is less than 0.05, the outstanding item is still closed and the difference is booked to the P/L ledger accounts for currency differences. It is possible that a small creditor amount can remain open while the outstanding items are closed. You must manually book this difference to a profit and loss account for payment differences.