About equipment payments

Note: This functionality is available only if you have the Equipment Module.

In the 8-5 Equipment Payments window, you can print checks for equipment payments. When an equipment payment is due, Sage 100 Contractor automatically sets the amount to pay using the financial information established in the equipment record.

To set Sage 100 Contractor to print a check for a piece of equipment, select the equipment, and then click the Pay button. If you decide not to make the equipment payment at this time, select the equipment, and then click the No Pay button.

When you print a check for an equipment payment, Sage 100 Contractor decreases the loan balance by the check amount and advances the due date. When the loan balance reaches 0, the equipment record no longer appears in the Equipment Payments window.