Create flexible payment schedules and associate them with project milestones like booking, registration, or possession. This setup is key for aligning your financial planning with customer expectations and project progress.
Payment Plans allow you to automatically associate installment-based payment milestones with a booking. This helps streamline the payment schedule and ensures consistent tracking across projects.
How to View and Manage Payment Plans
- Navigate to:
-
Manage Projects → Payment Plans & Milestones - You will see a list of existing payment plans.
- Click + Add Payment Plan to create a new plan.
- Click Customize to edit and manage an existing plan.
Configuring Milestones
When creating or editing a payment plan:
- Set each Milestone as a flat value or a percentage of the total booking price.
- Define the due date as the number of days after booking.
- Set the order in which milestones should be applied.
Installments will be automatically calculated and associated with the booking based on the total booking amount and the configured milestones.
Attaching a Payment Plan to a Project
To automatically associate a payment plan with bookings in a project:
- Go to:
-
Manage Projects → Manage Projects - → Click on the Project Title → Settings
- Enable Auto Associate Payment Plan by setting it to Yes.
- Select the Default Payment Plan from the dropdown.
- Click Update Project to save the changes.