Creating payment schedules for warranty contracts

You can create a payment schedule to make a series of payments over time for a warranty contract.

1. In the Warranty Contracts application, select the contract for which you want to schedule payments.
2. Select the Manage Payments action.
3. Optional: In the Manage Payments window, change the description.
4. In the Payment field, specify the amount of each payment and the tax code.
   The tax amount is calculated.
5. In the Target Invoice Status field, specify the status for the invoice that is generated for the payment.
6. Specify the start date and end dates for the payments.
   If the status of the contract is pending revision and at least one invoice has been paid, you cannot change this value.
7. Specify a value for the schedule for the payments and the general ledger debit account.
8. Click Estimate Payment.
   The payment amount is calculated, based on the schedule that you specified, and the amount is displayed in the Payment field.
9. Click OK to accept the payment amount.
10. Save your changes.
11. Select the Change Status action.
12. Change the status of the contract to approved.
    The payments are scheduled to begin on the start date, the scheduled invoices are generated, and the total value of all the invoices is displayed in the Total Cost field.