Creating one-time payments for warranty contracts

To manage payments within your organization, you can create one-time payments for warranty contracts.

Before you begin

To create one-time payments, the payment schedule property must be selected on the Properties tab.

About this task

The status of the contract must be draft, pending revision, or waiting on approval.

Procedure

  1. In the Warranty Contracts application, select the contract for which you want to create a one-time payment.
  2. Select the Manage Payments action.
  3. Optional: In the Manage Payments window, change the description.
  4. Specify the payment value.
  5. Optional: Specify a tax code.
    The tax amount is calculated.
  6. In the Target Invoice Status field, specify the status for the invoice that is generated for the payment.
  7. Specify values for the start date and general ledger debit account.
  8. Click OK.
  9. Save your changes.
  10. Select the Change Status action.
  11. Change the status of the contract to approved.
    The payment is scheduled for the start date, the scheduled invoice is generated, and the value of the invoice is displayed in the Total Cost field.