This an existing used to view the payment plan (Sales and Booking> Sales Tab> Sales Order> Repayment Plan) which allow the user to review basic payment plan details . This screen will added new fields and columns namely Payment term, Receipt date and Payment status.
Repayment Plan in Contracts will be following the same screen where interest amount due and amount due will be hidden from the table where column will be display upon customer request.
Payment Term
Type
Notes
Rules
Compulsory
Placeholder
Format
Edit
Size
Default
Messages
Read Only
Display the payment term selected at point of creating sales order
1. Payment term should be obtained from payment terms entered in Sales and Booking> Sales Tab> New Sales> Payment Term.
Display the status of the payment to the user to review
Payment Status will be as follows;
Unpaid - This status will be the default status once a payment is created. Payment status will be pending until the payment is paid in full by customer. This status will change based on Credit Note and Manual Receipts raised
Notice sent - This is the status in which change from unpaid to notice sent once the payment notice sent to customer whom selected payment notice method. payment notice sent 7 days prior payment due date. This status will change based on Credit Note and Manual Receipts raised
Paid - Payment status will automatically changed from Payment Pending to Completed once the customer pay the full installment and a receipt is raised to the full amount due. This status will change based on Credit Note and Manual Receipts raised
Failed - This payment status is maintained if there any error with regards to payment processing as per error messages passed from opuspay. This status will change based on Credit Note and Manual Receipts raised
Credited - This payment status is maintained based on Credit Notes raised against the invoice.
Formula to calculate the paid amount will be as follows;
Paid Amount = Receipt Amount + Credit Note Amont
Field will calculate number of days to repayment date from first installment repayment date.
This amount will be deducted from the repayment amount to calculate payment amount in Payment Processor screen.
Payment schedule (Repayment Plan) should track Receipts/ Credit Note raised against each installment. It should also include the settle amount against the receipt.
