lease to purchase setup

Just issue one invoice and indicate that it is payable over 24 monthly installments.

Thanks, but that's not what I asked. Anybody with a real answer? I need to issue 24 invoices, for 1 inventory item.

Thanks again. Dave.

No you need to issue 1 invoice and 23 statements. Along with any luck 24 payments received.

An option would be to create the invoice for the customer (for the initial sale) which puts the amount in Accounts Receivable.

Create a new asset account for the customer's balance.

Create a new Other Charge Item called Payment on Account (or whatever you want). The Account will be the asset account you just created.

Make a journal entry that debits the loan account and credits accounts receivable. Be sure to enter the customer and full amount owing.

You can now create monthly invoices to the customer, using the Payment on Account item.

-- Tara