Installment Plans are a quick and easy alternative to Payment Plan.
In the Account Module, Installment Plans list in the Payment Plans grid for the guarantor.
In the Account Module toolbar, click Installment Plan to create a new installment plan.
Installment plans allow offices to bill patients an agreed monthly amount. Statements will show the fixed monthly amount due at the top. Additional charges posted after the installment plan creation date will not affect the monthly due balance, nor will missed payments.
Date of Agreement / Date of First Payment: Auto-filled with today's date.
Monthly Payment: The monthly payment amount.
APR: The annual percentage rate (APR). When you use the Finance Charge tool for an account that has an installment plan setup for any family member, this APR is used instead of the APR set in Billing/Finance Charges.
Notes: Any notes you wish to keep on file about this installment plan.
Click OK to save.