You can use payments to record financial transactions for a contract. This is an alternative to creating individual invoices for contract items within a contract.
The Payments navigation item is located under Procurement and Accounting in the Contracts application.
How to create a payment
All the important information about a payment is filled in on the General tab:
- Payment Type. Means of payment such as Transfer, Credit Card, etc.
- Due Date. Day when the payment has been made or should be made.
- Business Partner
- Contract. An agreement for which a payment is made.
All payments for a particular contract are aggregated into the Payments chart that is displayed on the Contract preview.
If a contract is deleted from the system, all related payments are deleted as well.