Payments Schedule with Square Invoices
The payments schedule feature gives you more control over how your customers pay off your Square Invoices. You can schedule the initial deposit and split the remaining balance into multiple payments. You can set up a payment schedule from both your online Square Dashboard and the Square app.
Payments Schedule in Dashboard
To create a payments schedule in your Square Invoices Overview page in Dashboard:
Go to Payments > In your Square Invoices, select Send an invoice.
Select a customer from your Customer Directory, or enter a new name and email address.
Add line items, and apply optional modifiers, notes and taxes by selecting Customize.
Select Add Payments Schedule.
Toggle on Request Deposit and/or Split Balance.
Enter the amount or percentage you have scheduled and select a due date.
Select Save when finished, and select Send to send it to your customer.
Note: When setting up a payment schedule, you can request a deposit for your invoices. With Invoices Plus, you can request a deposit as well as 12 milestone payments for your invoices.
Payments Schedule in the Square App
To create a payments schedule in the Square app:
Tap More from the navigation bar at the bottom of your screen and select Invoices > Create Invoice.
Select a customer from your Customer Directory, or enter a new name and email address.
Under Line Items, you can add items, apply modifiers, notes and taxes.
Select Add Payments Schedule.
Toggle on Request Deposit and/or Split Balance.
Enter the amount or percentage you have scheduled, and select a due date.
Select Save when finished, and select Send to send it to your customer.
Note: If you track inventory through Square, your items will only adjust when the entire invoice is paid. Paying the deposit will not change item counts.
With these invoices, sales are not recorded within Sales Reports until the entire Square Invoice is paid. Sales are attributed to the date the invoice is paid off – not the deposit or the date the invoice was sent.