What are payment instalments?
Payment instalments are the payments associated with each expense. They inherit the category and vendor from the expense. Each instalment has a total and currency, a due date, a status and payment methods. The status of each payment instalment depends on the status of the expense it’s related to and a few other factors:
Draft: the expense is at the proposal stage, so all its payment instalments are only visible in the expense itself as “Draft.”
Unpaid: the expense is approved and this instalment has yet to be paid. It will appear in both your calendar and budget reports, flagged as “Unpaid.”
Paid: the expense is approved and this instalment has been paid. You can specify who made the payment and the method used. It will show up in your calendar and budget reports as “Paid.”
Overdue: The expense is approved, but this instalment hasn’t been paid yet and the due date has passed. Once marked as paid, the overdue status disappears.
Draft: the expense is at the proposal stage, so all its payment instalments are only visible in the expense itself as “Draft.”
Unpaid: the expense is approved and this instalment has yet to be paid. It will appear in both your calendar and budget reports, flagged as “Unpaid.”
Paid: the expense is approved and this instalment has been paid. You can specify who made the payment and the method used. It will show up in your calendar and budget reports as “Paid.”
Overdue: The expense is approved, but this instalment hasn’t been paid yet and the due date has passed. Once marked as paid, the overdue status disappears.
Updated on: 04/07/2024
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