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Setup page · Accounts payable

Payment schedules

A setup page for payment schedules, which split an invoice into installments with a number, amount and due date for each installment.

Used by
Accounts payable clerk, Accounts payable manager, Chief financial officer and 6 more roles
Business process
Defining payment policies in Dynamics 365 Finance
Menu item
PaymSched
Main table
PaymSched
Data entity
PaymentScheduleEntity
Setup steps
1 on this page
Show what matters for

Everyone

1What it is and why

What it isA setup page for payment schedules, which split an invoice into installments with a number, amount and due date for each installment.
What you do hereUsed to pay invoices in installments, using allocation methods such as Total, Fixed amount, Fixed quantity or Specified.
ExampleAn invoice of 10,000 USD is paid at 2,000 USD each month until the balance is paid, and it isn't considered past due while scheduled payments are made on time.
Payment schedules page in Dynamics 365
The page in a working Dynamics 365 system. page title tab to open what to set or check

Functional consultant · Solution architect

2Where it fits

Business processDevelop procurement and sourcing strategy › Define accounts payable policies › Defining payment policies in Dynamics 365 Finance
Menu pathAccounts payable › Payment setup › Payment schedules
Set up first—
Used next by—
Related pagesTerms of payment Microsoft Learn ↗Cash discounts Microsoft Learn ↗Payment days Microsoft Learn ↗Payment fee Microsoft Learn ↗Methods of payment Microsoft Learn ↗

End user · Functional consultant

3How to do it

Step by step, with screenshots

Set up Payment schedules1 screen

Set up the payment schedules that are used to manage installment payments to vendors.

  1. Screen 1

    Create the payment schedule

    Go to Accounts payable > Payment setup > Payment schedules

    1. Select New
    2. Enter the code and the description
    3. Set the allocation, the period and the number of payments
    4. Save
    1Payment scheduleBEAT-3M
    2AllocationFixed quantity
    3Payment perMonths
    4Change1
    5Number of payments3
    DescriptionAtlas demo three monthly installments
    Create the payment schedule (zoomed on the outlined fields)
    Show the full screenCreate the payment schedule
    page title tab to open what to set or check

Microsoft's steps

  1. Go to Accounts payable > Payment setup > Payment schedules.
  2. Choose an Allocation: Total, Fixed amount, Fixed quantity or Specified.
  3. On the General FastTab, in Payment per, choose Days, Months or Years for the interval between installments.
  4. For Fixed amount or Fixed quantity, enter the interval in Change, then the Number of payments or the fixed amount, and a Minimum installment amount.
  5. For Specified, add lines on the Payment lines FastTab with the interval in Quantity and the installment value as a percentage or an amount.
  6. Use Sales tax allocation to spread sales tax across the installments.

Source: Microsoft Learn ↗

Field guide

FieldWhat it meansWorked exampleTable column
AllocationHow the invoice is split: the whole amount, a fixed amount per payment, a fixed number of payments, or amounts on given dates.Microsoft Learn ↗Fixed quantity—
Payment perThe interval unit between installment due dates: days, months or years.Microsoft Learn ↗MonthsPeriodUnit
Number of paymentsHow many installments to create when the allocation is Fixed quantity.Microsoft Learn ↗3NumOfPayment
MinimumThe smallest installment allowed; it overrides calculated amounts.Microsoft Learn ↗—LowestAmount
Sales tax allocationHow the sales tax amount is spread across the installments.Microsoft Learn ↗——
Payment schedule—BEAT-3M—
Description—Atlas demo three monthly installmentsDescription
Change—1QtyUnit

Functional consultant

4Setup decisions

Setup stepRecommended value and whyDecision · common mistake · test
Set up Payment schedules——

Solution architect

5Design impact

Shared or per companyPer company: each legal entity has its own records. Microsoft data model ↗
Can it be undone—
Feature or country—
If you change it later—

Technical architect

6Technical

Menu itemPaymSched Checked in Dynamics 365
FormPaymSched Checked in Dynamics 365
TablePaymSchedShown as “Payment schedule” in Record infoChecked in Dynamics 365
Data entitiesPaymentScheduleEntityPayment schedule Microsoft data model ↗
Who can open itPrivilegesMaintain vendor payment schedules PaymSchedMaintainView vendor payment schedules PaymSchedViewDutiesInquire into vendor payment status PaymVendorPaymentStatusInquireEnable invoice and payment process VendInvoiceInvoicePaymentProcessEnableInquire into invoice and payment process reference data VendInvoiceInvoicePaymntProcessRefDataI
9 security rolesChief financial officer CompanyChiefFinancialOfficerAccountant LedgerAccountantAccounting manager LedgerAccountingManagerAccounting supervisor LedgerAccountingSupervisorFinancial controller LedgerFinancialControllerAccounts payable centralized payments clerk PaymAccountsPayableCentralPaymClerkAccounts payable payments clerk PaymAccountsPayablePaymentsClerkAccounts payable clerk VendInvoiceAccountsPayableClerkAccounts payable manager VendInvoiceAccountsPayableManager
Checked in Dynamics 365
Actions on the page—

Developer

7Developer

Open it directlyhttps://<your-environment>/?mi=PaymSched
Integrate withPaymentScheduleEntity data entity Microsoft data model ↗
Table definitionPaymSched columns and relations Microsoft data model ↗

Everyone

8Sources and checks