One Payment Plan, Applied Booking by Booking
Slab four is complete on the tower. Fourteen buyers now owe an instalment, each on a different agreed price. Working that out in Excel on the 28th is how demand letters go out late.
Where the schedule comes from
A project carries its payment plan, whether construction-linked, down payment or whatever your booking form says. When a booking is created, that plan is applied to the agreed price and the instalments are laid out. Nobody types percentages twice.
What each instalment shows
Due, received or overdue
One status, visible on the booking and on the office list. A part payment leaves the rest open rather than quietly closing the instalment.
The stage behind it
A construction-linked instalment carries the stage it belongs to, such as slab four. When the site says that stage is done, accounts already has the buyers it applies to instead of building the list in Excel.
Receipts against the line
Money is recorded against the instalment it pays, with mode and date. The buyer’s statement and your ledger then agree, which is the whole idea.
Reminders before the date
A reminder goes ahead of the due date on the channels connected at set-up. Overdue is a separate list, and it should be.
What accounts asks for
Most of this is one question asked four ways. What is due, and what came in.
- Instalments due this month, across every project
- Overdue amounts by buyer, oldest first
- Receipts collected this week, by mode
- One booking’s ledger, from the token to the last instalment
- Amounts received per tower, for the owner’s Monday number
Frequently asked questions
Can two buyers in one project be on different plans?
Yes. The plan comes from the project, and a booking can carry its own schedule when you agreed something else. Builders do this more often than they admit, usually for the first few bookings in a tower.
Does it collect the money?
No. It tells you who owes what and sends the reminder. Payment still arrives by cheque, transfer or UPI, and somebody in accounts records the receipt against the instalment.
Can we see the demand for a stage before it goes out?
Yes. The instalments for that stage read as one list, buyer by buyer, with the amount against each. Accounts checks it against the bookings before anything goes out.
Tell us what you need.
Send a short brief and one of our engineers will come back to you — usually the same day.
- No obligation
- We reply the same working day
- Your details stay private