Free AR resources / tool
Some overdue accounts need a practical payment arrangement rather than another reminder. Model an instalment amount and frequency before proposing a schedule the customer can realistically keep.
A useful payment arrangement should state the amount owed, the agreed instalment dates, where payments go and what happens if an instalment is missed.
This simple calculator divides the principal into equal instalments. The final payment may differ by a small rounding amount. It deliberately excludes interest and collection charges.
Send written confirmation of the agreed schedule, monitor each expected payment and respond early when a promised instalment does not arrive.
A payment plan only works when it is affordable to the payer and properly recorded in your receivables process.
No. It divides the outstanding balance without additional interest or fees.
Yes. Choose fortnightly payments from the frequency selector.
No. It gives a planning estimate. The final arrangement should be documented and checked against applicable requirements.
Open this page in a browser to use the interactive tool.