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Setup page · Accounts receivable

Payment schedules

A setup page for payment schedules, which split payment of an invoice into installments over set time intervals.

Used by
Accounts receivable clerk, Accounts receivable manager, Auditor and 12 more roles
Business process
Define customer payment processes in Dynamics 365 Finance
Menu item
CustPaymSched
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 payment of an invoice into installments over set time intervals.
What you do hereUse it to define the number, amount and due dates of installments using the Total, Fixed amount, Fixed quantity or Specified allocation methods; the setup is shared with Accounts payable.
ExampleA customer invoiced USD 6,000.00 pays USD 2,000.00 each month, and the invoice is not considered past due while the 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 sales policies › Define accounts receivable strategy › Define customer payment processes in Dynamics 365 Finance
Menu pathAccounts receivable › Payments setup › Payment schedules
Set up first—
Used next byTerms of payment Microsoft Learn ↗
Related pagesPayment days Microsoft Learn ↗Terms of payment Microsoft Learn ↗Cash discounts Microsoft Learn ↗Payment schedules (Accounts payable) Microsoft Learn ↗

End user · Functional consultant

3How to do it

Step by step, with screenshots

Set up Payment schedules1 screen

Create the payment schedules used to plan installment payments from customers.

  1. Screen 1

    Create the payment schedule

    Go to Accounts receivable > Payments 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 receivable > Payments setup > Payment schedules.
  2. Select the Allocation: Total, Fixed amount, Fixed quantity or Specified.
  3. On the General FastTab, in the Payment per list, select Days, Months or Years.
  4. In the Sales tax allocation list, choose how sales tax is spread over the installments.
  5. For Specified, on the Payment lines FastTab, enter each installment's interval in the Quantity field and its value in the Amount in transaction currency field.
  6. In the Percentage/Amount list, choose whether each value is a percent or an amount.
  7. For Fixed amount or Fixed quantity, enter the Change, then the Number of payments or the fixed amount.
  8. In the Minimum field, enter the smallest installment amount.

Source: Microsoft Learn ↗

Field guide

FieldWhat it meansWorked exampleTable column
AllocationHow the amount is split: the total, a fixed amount, a fixed number of payments, or amounts you specify.Microsoft Learn ↗Fixed quantity—
Payment perThe interval between installments in days, months or years, used to calculate each due date.Microsoft Learn ↗MonthsPeriodUnit
Sales tax allocationHow sales tax is spread across the installments.Microsoft Learn ↗——
ChangeThe number of interval units between the due dates of installments.Microsoft Learn ↗1QtyUnit
Number of paymentsThe fixed number of installments when the allocation is Fixed quantity.Microsoft Learn ↗3NumOfPayment
MinimumThe smallest installment amount; it overrides calculated amounts.Microsoft Learn ↗—LowestAmount
Percentage/AmountWhether each installment value is a percent of the invoice or an absolute amount.Microsoft Learn ↗——
Payment schedule—BEAT-3M—
Description—Atlas demo three monthly installmentsDescription

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 laterPayment schedules are shared by Accounts receivable and Accounts payable in the same legal entity, so a change here also affects vendor installments. Microsoft Learn ↗

Technical architect

6Technical

Menu itemCustPaymSched 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 customer payment schedules CustPaymSchedMaintainView customer payment schedules CustPaymSchedViewDutiesInquire into collections status CollectionLetterCollectionsStatusInquirInquire into customer invoice status CustInvoiceCustomerInvoiceStatusInquireEnable invoice and cash process CustInvoiceInvoiceAndCashProcessEnableReview invoice and cash process performance CustInvoiceInvoiceAndCashProcPerfReviewInquire into invoice and cash reference data CustInvoiceInvoiceAndCashRefDataInquireInquire into customer payments status PaymCustomerPaymentsStatusInquireEnable invoice and cash process RentalCustInvoiceInvAndCashProcEnable
15 security rolesAuditor AuditPolicyManagerCollections agent CollectionLetterCollectionsAgentCollections manager CollectionLetterCollectionsManagerChief executive officer CompanyChiefExecutiveOfficerChief financial officer CompanyChiefFinancialOfficerAccounts receivable clerk CustInvoiceAccountsReceivableClerkAccounts receivable manager CustInvoiceAccountsReceivableManagerAccountant LedgerAccountantAccounting manager LedgerAccountingManagerAccounting supervisor LedgerAccountingSupervisorFinancial controller LedgerFinancialControllerAccounts receivable centralized payments clerk PaymAccountsReceivableCentralPaymClerkAccounts receivable payments clerk PaymAccountsReceivablePaymentsClerkRental coordinator agent RentalCoordinatorAgentRental manager RentalManager
Checked in Dynamics 365
Actions on the page—

Developer

7Developer

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

Everyone

8Sources and checks