How do I split an invoice Payment Schedule by percentage or dollar amount?
Add a payment schedule while creating your invoice, then choose how to divide the total:
- Split by percentage (%): Enter a percentage for each payment and Novo calculates the dollar amount. Useful for arrangements like a 50/50 split or a 30% deposit with 70% on completion. It is totally customizable. Percentage has to be a whole number. Min percentage for a schedule is 1%.
- Split by amount ($): Enter the exact dollar figure for each payment. Useful when you've agreed a fixed deposit — say $500 up front — and the remainder follows. It is totally customizable. Amounts can be a decimal. The minimum amount for a schedule is $1.