In Agiblocks, a new contract can be created with payment terms which require deposits.
| • | Payment terms are defined in Master data. |
| • | Deposit type can be a percentage or a lump sum. |
| • | Deposit amount is automatically calculated, but can be overwritten. |
| • | Deposit date is the date on which the deposit is expected. |
Once the contract is Approved (or in another status where Allow Invoicing is ticked in Master data), the deposit requirement will appear in the Deposit list (under the Invoices tile).
| • | Select the Edit command line button to add a payment. |
| • | Multiple payments can be registered to one deposit. |
| • | Select Add new record to add a new payment. |
| • | Fill in the amount and date and select Insert to add the new payment. |
| • | Tick the Paid status box to mark the deposit as fully paid if no more payments are expected. |
| • | The actual paid amount should be recorded. It does not matter if this differs from the expected total. |
| • | Select Save to commit the changes. |
| • | When a deposit has been added to a contract, that part of the contract becomes grayed-out and can no longer be edited. |
