Record a Long Term Promise

You can record a Long Term promise in conjunction with one of the following activities: To record a Long Term promise:
  1. From the Action dialog, select the Promise hyperlink.
  2. Select Long Term. The long-term promise displays fields for recording two payment amounts, the promise date for the first payment, the frequency of payments, and the day payments are expected.
  3. In the Part 1 Amount field, enter the amount of the down payment.  
  4. Enter the date on which the down payment is due in the Promise Date field or click the Calendar widget to select the date.
  5. Select the method the down payment will be made in the Payment Method drop down for Part 1.
  6. Enter the amount of future payments in the Part 2 Amount field.
  7. In the Long Term Promise section, enter the amount of future payments in the Promise amount field.
  8. Select the method the future payments will be made in the Payment Method drop down for Part 2.
  9. Select the frequency of the payment (weekly, biweekly, or monthly) from the Frequency drop down. If you select a frequency of monthly, the Day field displays. Enter the day on which the payments are due in the Day field.