Payment Schedule Subtask

Use the Payment Schedule subtask to add the payment schedule lines with the schedule date, percent and payment amount that needs to be paid on that date.

The total of the schedule amount must equal the extended cost amount on the line. Discounts and taxes are not shown in the schedule but will equal out when the voucher is created and the payment is made. As each line is vouchered, the vouchered amount will be added to the subtask to show what is remaining. Once a record is added in this subtask, the payment schedule checkbox will be selected and disabled.

Note: For Costpoint Cloud, you can choose to opt in to this feature for the Costpoint 8.2.15 release. The ability to opt in is temporary and will be removed when the feature becomes automatically enabled for all users as part of a future Costpoint release. See the Manage Opt-In Features topic for more information.

Field	Description
Schedule Line	This field displays the schedule line number. This increments to one for each new line. Upon save, the application reorders/renumbers the lines based on scheduled dates.
Description	Enter the payment schedule line description.
Schedule Date	Enter the schedule date of payment for the purchase order lines.
Schedule Percent	Enter the percentage of the amount scheduled to be paid. If you enter the percentage, the schedule amount is calculated based on the entered percentage. The percentages for the PO record must total 100%.
Schedule Amount	Enter the schedule amount for the purchase order lines. If you enter the schedule amount, the schedule percentage is calculated based on the entered amount.
Vouchered Amount	This field displays the vouchered amount for the purchase order/purchase order line.