Main Menu - Payment - Recurring
Used to assist in posting payments for those deals with one (or more) automatic payments per month.
Layout / How To
If the deal is on an automatic payment schedule, you may wish to indicate this to ALMSys. One to four recurring payments per month, or one to four payments per "cycle", may be specified. To make recurring payments active, select Yes in the Active box.
All payment cycles are supported, be it monthly, week, bi-weekly, etc. For monthly and semi-monthly deals, fill in the Day and Amount columns, and set the Other Payment Recurring Cycle to "None".
For other recurring cycles:
Select the payment cycle type
Provide the starting date for the first payment in that cycle
Fill in the Amount column on up to four lines
For example, if you wish to set up a bi-weekly payment, but you want one payment to be $100.00, and the next payment to be $99.99, then you will fill in $100 in the first amount field, and $99.99 in the second amount field. ALMSys will use $100 first, then $99.99 next, and then back to $100 for the third time, etc.
Customers that wish to pay by ACH may be indicated on this screen as well. Mark the box for making this feature active and select which account the customer is using for this deal. (See the Credit Card/ACH screen for more details.)
Use the Copy These Settings to All Active Deals for this Customer button to copy the recurring setup to all other active deals for the same customer. This is a "smart" copy and will function as follows:
If Active? is no, then it will simply mark all of the deals as not active. No other fields will be altered.
The payment day and credit card/ACH fields will be copied as-is to the other deals.
If 2 or more days are specified, the payment will be split into two or more payments that add up to the total payment.
If 1 day is specified, the payment will be set to the full payment amount and the other payment amounts will be set to zero.