Canceling a payment schedule

1. Create a Payment schedule PS-01 on September 18, 2024, with the following configurations:

• Payment schedule date: September 20, 2024
• Period: Monthly payment schedule
• Occurrence: 3 instances

The following payment schedule items will be created, with the payment schedule PS-01 status set to active:

2. Cancel the Payment schedule PS-01 and set the cancel date to October 01, 2024, with the PS-01 status active:

In this case, the PS-01 shows active because the PSI-01 is still pending. But you can see the other two PSIs are canceled.

Refunding a payment created from a payment schedule item 

1. Create a Payment schedule PS-01 on September 18, 2024, with the following configurations:
   • Payment schedule date: September 17, 2024
   • Period: Monthly payment schedule
   • Occurrence: 3 instances

The following payment schedule items will be created, with the payment schedule PS-01 status set to active:

After an hour, PSI-01 is collected and PAY-01 is generated, with the payment schedule PS-01 status set to active:

2. Cancel the Payment schedule PS-01 and set the cancel date to October 01, 2024,  with the PS-01 status canceled:

3. Refund the payment PAY-01 and a REF-01 is created. So, the PS-01 status shows active:

In this case, the PS-01 shows active because the PSI-01 is still pending. But you can see the other two PSIs are canceled.