Regenerating a Payment Schedule

At any point during the payment schedule, a customer may choose to regenerate the entire payment schedule.  When a payment frequency is regenerated, the user changes the payment frequency, which causes, all existing scheduled payments to be deleted, and the system recreates the scheduled payments according to the new frequency.  All payments made on the order line are distributed against the new schedule.

To regenerate a payment schedule on an order:

1. Highlight and select the appropriate order line.  Click the Work with Payment Schedule screen task from the Work with Line Items task category.
2. Click the Regenerate button from the Payment Schedule screen.  The Payment Schedule Parameters window will appear.
3. Update the Pay Frequency. 

Note:  If you wish to “Remove” a payment schedule, select the payment frequency option of “Immediate”.

4. Update the Auto Pay Method as needed.
5. Update the Number of Payments if the Pay Frequency method is Manual.
6. Update the First Payment Date.  This is the date that the first payment is due, and all subsequent payments will model off of.  For example, if you choose that the first payment is due 1/15 and you set a payment frequency of Monthly, every payment will be due the 15^th of that month.
7. Click the OK button to save your changes.  Alternatively, you can click Cancel to discard your changes and return to the Payment Schedule screen.