Sample Invoice For 50 Down Payment

and watch their bills go down, end of story," she said. It will also be compared to the invoice which should note what you are being billed for. I have attached the invoice (no. Sample Payment agreement letter 25/05/2008 Roy S Tucson 11272 Desforges Avenue, Orlando, FL- 32836. JPL will accept any format provided it contains the information. There's a reason Sprout Invoices is the best rated invoicing plugin for WordPress — it's the most fully featured solution with the highest regarded support available. - Perform validation in ERP to ensure invoices not already paid. Best Small Business Online Credit Card Processing. The main advantage of Net D invoices is that they give your client time to get enough money in their account to pay you. During the call, you provided us with your name, title, company, address, email, and birth date. lol Good thing bout the kit is that it's been reviewed by lawyers and it's got disclaimers on just about everything and it's. You can discuss with other ProZ. free-printable-invoice. Providing an excellent customer experience is our primary mission. On the Payment Plans related list, click New Payment Plan. Code: FB60] Payments [T. Many invoices are printed from a computer on a standard-size sheet of paper. Terms and Conditions SYNCB Internet Privacy Policy Contact Us SYNCB Internet Privacy Policy Contact Us. Businesses template need to have professionally designed form template word for creating the best impression on their microsoft word email template clients. average credit card processing fees small business. how to write request latter to client for advance payment? Order placed and advance paid, but material not delivered saying that advance paid is adjusted against outstanding pending, how to write letter?. Fully customizable and free Professional design based on industry standards Ability to add taxes and item subtotals. Receipt Of Payment. 50 Online Invoicing Apps for Small Businesses. These rent receipt templates can be used as-is or customized using Microsoft Word or Excel, Open Office, or Apple Pages or Numbers. IndiGo offer you the best deals on Domestic Flights & International Flight Tickets. If you have entered a payment method, this entry has priority over the payment method in the terms of payment. The document will allow the installer or company, to enter information regarding the roofing company's address and contact information, the client's address and contact information, invoice information and the itemized costs of. The easy invoice template is the last component of your sales deal that should get registered in the mind of the create invoice template customer. Discounts, shipping, service and sales taxes can be listed down in the sales receipt to account for every cent made on that transaction. Letter of request for refund of advance payment? Request letter of non advance payment of maternity benefits?. 1BestCsharp blog 6,623,001 views. If you’ve never paid for rent, then the Underwriter is forced to consider Payment Shock. 10 free samples and forms for you to use in PDF, Word, and Excel format. I was doin the same thing, I broke down today and just bought it. Most of the time, customers make their payments punctually. A template which is not as per your requirements, can only damage your work. While creating a invoice from sale order(in the case of down payment) it is not working properly. Contractor invoice template: similar to the construction group, these guys have materials and labour sections. In this article we will be learning all about an advance payment invoice template, like what it is, how it works, and many other important information. 00 clears the remaining balance. PandaTip: This is a template for a Proforma Invoice. 50 Online Invoicing Apps for Small Businesses. 2/10 net 30, defined as the trade credit in which clients can opt to either receive a 2 percent discount for payment to a vendor within 10 days or pay the full amount (net) of their accounts payable in 30 days, is extremely common in business to business sales. Generate estimates that look professional in minutes – with an elegant pre-designed template customizable with your logo and brand colors – and easily add your services and prices. The Advance Payment Request may take up to 45 calendar days to process. 38 The procedure to be followed is: 1- Definition of alternative reconciliation accounts for Accounts Payable for posting down payments made for Capital assets 2- Clearing the down payment in Accounts Payable with the closing invoice. Using Payment Plans. best credit card merchant small business. We are certainly not exempt from making errors! Please notify us immediately if there is any question concerning the payment. The selected photo is best for you which is classed together with Template tag. Legal Services Invoice Template Fresh Free Download Invoice Template Partial Payment Invoice Template 14401863 sample invoice down payment invoicingtemplate open the template as usual make sure you have backed it before customizing it the "design mode" button on the "invoice" ribbon tab drag your mouse to select the row headings between r40 and. It utilizes an invoice as its business is registered and he may be subjected to an audit check on his accounts by the authority. Proforma Invoice Format For 50 Advance Payment A pro forma invoice is a preliminary bill of sale sent to buyers in advance of a shipment or delivery of goods. Tax Invoice Vs Receipt Number Malaysia Return Template Cash from down payment invoice template , source:letsgonepal. One of the requirements for a Home Loan in NC is a great Rental "Housing" payment record. Cash flow is always tough when first starting out so I prefer to invoice my clients in a shorter time period, say 14 days. Find out what these changes are and how they affect you. Business Expense Template Free New Monthly Bill Invoicement. In most cases, a short, polite reminder via email is all that's needed. lol Good thing bout the kit is that it's been reviewed by lawyers and it's got disclaimers on just about everything and it's. Synonyms for invoice at Thesaurus. I want the system to clear the down payment with the invoice amount and pay the rest of the amount using F110. But when i display the proposal the down payment posted is not available. There's a reason Sprout Invoices is the best rated invoicing plugin for WordPress — it's the most fully featured solution with the highest regarded support available. An increasing number of businesses are using proforma invoices to obtain payment from their customers but rarely do they follow up with a VAT invoice. On a bill for merchandise shipped September 15, a bill is dated "as of November 15" making payment due December 15. For example, when buying a house, one usually makes a down payment of between 5% and 25% (depending largely on the buyer's FICO score and the availability of credit), and pays for the remainder of the house with a mortgage. Start with the invoice number, date and amount due. Receive free shipping with your B&N Membership. Below is a sample of the convenient monthly payments you would make using University of Maryland Global Campus interest-free monthly payment plan. It’s common for today’s U. Invoice payment terms: What they are, why they’re important and how to choose the best terms to get paid fast. Particulars to be shown in the tax invoice: The words 'tax invoice' in a prominent place ; The invoice serial number. Below is a sample of the convenient monthly payments you would make using University of Maryland Global Campus interest-free monthly payment plan. Within this step, the down payment could be cleared. The platform can be linked to wedding and baby registries. What others are saying Adams Money/rent Receipt Book - 50 Sheet[s] - 2 Part - X Sheet Size - 1 / Each 900 Image Printable Money Receipts in. A down payment is a payment made or received before the physical exchange of goods and services. We ask the supplier to invoice us for the first line (or 50% of the purchase price) to get the down payment taken care of. Same day shipping for cardboard boxes, plastic bags, janitorial, retail and shipping supplies. Priced as low as 0. If you have retirement savings in a 403(b) retirement account, you may wonder if you can put that money into a down payment, especially if you’re nearing retirement. The template is designed for both domestic and international trade, with the same look and feel as our quote template and sales invoice. If we go to f-04 to make an entry of payment received and Debit bank, debit TDS certificate receivable for the TDS amount deducted and click on process open items thereby. Just complete your details, add your company logo and sent it to your client for payment. Generate and send professional invoices from simple templates—available for Microsoft Word, Adobe Acrobat, and Microsoft Excel. Due to these disadvantages of the current system, a healthcare management system is proposed. It also informs the client that his order will be proceeded once the payment received. It's not uncommon for business owners to require advance payments for their products or services. 46 Example Sample Invoice Template - Hello all, meet again on my own blog, Mallerstang. ) Pay By Credit Card (Traditional Payment Method) 2. When this happens, you may want to send a friendly reminder to ensure that the customer sends his or her payment in a timely manner. Self Employed Invoice Example. An invoice date. What is Advance Payment Invoice? While a Contractor Invoice Form, lists down the payment of the service, an advance payment invoice is an invoice form that contains a buyer or customer's request for an advance payment through sending an invoice form before the product will be delivered. Shop music, movies, toys & games, too. The full payment of $167. Businesses can use an invoice with the PAID stamp on it to indicate that the customer has already paid for the goods or service. Hover your mouse pointer over a template preview and click Edit. Put it this way If you make $50/hr the kit is $79. Information such as the periods of payment, the amounts, and the interest rates are essential to the loan agreement. Description: Example Invoice 50 Down from the above 1026x545 resolutions which is part of the Invoice Example. City of Riverside Down Payment Assistance – Up to $50,000 assistance (silent 2nd loan) available to low income first time homebuyers with-in the city limits of Riverside, CA. Payments shall be made to the Owed Party in accordance with the Payment Plan via [Payment method]. This sample contract pertains to proposed work to be done on a tree that presents a hazard, and which the customer, therefore, wants to be removed (or at least trimmed in a major way). business credit card processing fee. With Down Payment Resource, you can provide a unique online experience tailored to millennials and other new buyers who face down payment. GUI Status Short Description ; 1 : E600 : Stat. • Vendor Invoices: These are typically payments for supplies, equipment, service agreements, and other purchases made to vendors. Information such as the periods of payment, the amounts, and the interest rates are essential to the loan agreement. (Total sales invoice, less the original down payment = net amount received. During the call, you provided us with your name, title, company, address, email, and birth date. A down payment is an up-front payment you make to purchase a home, vehicle, or other asset. What does a deposit invoice look like? Business. The report is typically set up with 30-day time buckets, so that each successive column in the report lists supplier invoices that are: 0 to 30 days old 31 to 60 days old 61 to 90 days old. It is intentionally left blank. if you create a sale order with 1000usd and done down payment of 100usd, in the invoice it will show balance as zero. Steven Smith President Smith. Invoices Make your small business look professional with free, expertly designed invoice or billing statement templates available for Word and Excel. We also administer a number of social support programmes including Child Support, Working For Families Tax Credits, and Best Start. Here I would like to add a point that payment reminder should be sent immediately after the supposed payment reception date. © 2019 CareCredit, LLC. Try to use the same terms for most projects, negotiate when needed, and always get a down payment. Customise the template with your business name and logo, and fill in the itemised service provided and the. We designed our free invoice template to be compatible with nearly every spreadsheet program. Download contoh template invoice tersebut di sini. The buyer's loss is $617 on the Total Cost Of Lease in the table. Download this free demand letter template below and have it customized for your unique business legal needs today. The full payment of $167. Most companies and agencies preferred a written one, but many struggles finding a good set of templates they can use to make this possible between them and the employee. Learn more at ato. Come up with a screening process for all clients by putting together a list of questions. Real Estate Down Payment Receipt. For example, a freelance graphic designer may need a 50% down payment before starting a project. Enter a deposit ticket ID that can easily represent the type and source of payment. com The Biggest Contribution from down payment invoice template , source:realtyexecutivesmi. Buy Equipment with Down Payment in Cash Explained. I have a client who is using Quickbooks Pro 2006. Advance payment invoice is used to get advance payment from the entities. Payment in advance, PIA for short, is simply a payment that is made ahead of schedule. Acknowledgement Receipt For Down Payment. In consideration for agreeing to this Payment Agreement, the Owed Party hereby releases any claims against the Owing Party related to the Deficiency as of the date of this Agreement. Upon registration, a registered person shall use invoice basis to account for GST. The invoice is given to the buyer and the seller/dealer keeps a copy of it too. Here I would like to add a point that payment reminder should be sent immediately after the supposed payment reception date. Microsoft Search Network includes Microsoft sites, Yahoo sites (searches powered by Bing) and AOL sites in the United States. Vendor Down payment - i. I was doin the same thing, I broke down today and just bought it. Advance payment invoice is used to get advance payment from the entities. I'm looking to make a deposit invoice for a client from an estimate. It creates a record and proof of the transaction. Generate estimates that look professional in minutes – with an elegant pre-designed template customizable with your logo and brand colors – and easily add your services and prices. This invoice is to be submitted when the shipment leaves your dock and is therefore called the On-Shipment. This sample invoice shows how to bill for a product with harmonized sales tax (HST) that is sold by an Ontario business. You can then allocate the payment on account at a later date to pay off an invoice. To get the advance payment, it provides the list of products purchased along with its price. When you charge GST, you need to issue a tax invoice showing the amount of GST and the price of the supplies separately. Business logo can also be placed on a payment receipt to make it organization’s property. Description of goods or services List the products or services supplied. The invoice is given to the buyer and the seller/dealer keeps a copy of it too. Create and manage sales invoices. The same study also found that “manually-processed invoices cost, on average, $30 per invoice to process, while fully-automated invoices average only $3. Whichever your customer chooses Invoice Home has your back. Officeworks is Australia's largest supplier of office and stationery products at low prices everyday. If your invoice involves charging HST (the Harmonized Sales Tax), see an invoice sample with HST. Following is an in-depth guide to help break down how the construction invoice procedure works. Ensure that your resume isn’t. free resume naukri busboy. With a down payment of at least 10%, the fee. invoicingtemplate. Down payment grants are designed to help eligible buyers bridge the gap between their savings and the required down payment for a mortgage. Simply scroll down, select your preferred option, and click the coloured button to download the sales invoice template. Freshbooks suggests that the magic number for faster payments is 21 days, if your own cash flow needs can handle that gap. Uline stocks over 36,000 shipping boxes, packing materials, warehouse supplies, material handling and more. Click the Payment Receipts tab. Our recreational programs generally offer a 2-Pay schedule (a 50 percent down payment with the balance due in 60 days). Vendor must supply the following information on their company letterhead. "COD", "Cash", "30 days" etc. Order Forms and Invoices. Have a question? Please call us at 877-635-3561. Home > Criminal Justice Act (CJA) > CJA Compensation Rates. Use this Receipt for Goods or Services Template in tracking your goods and operational expenses. IndiGo offer you the best deals on Domestic Flights & International Flight Tickets. Includes information on how to find the lowest new car prices, low-cost auto loans and insurance, free price quotes and much more. Give me a sample letter requesting to our client to get us 50 down payment instead of 10 down payment that their sop since the materials is ready fo. Now, we can combine invoices and shoot out a couple hundred literally in a matter of less than ten minutes. com 50 Deposit Invoice Sample Free Printable Invoice via www. Down payment (or downpayment, also called a deposit in British English), is an initial up-front partial payment for the purchase of expensive items such as a car or a house. If your invoice involves charging HST (the Harmonized Sales Tax), see an invoice sample with HST. Simply scroll down, select your preferred option, and click the coloured button to download the sales invoice template. No more manually entering orders, chasing lost pieces of paperwork and stressing every time you have a tax deadline due. Invoices Make your small business look professional with free, expertly designed invoice or billing statement templates available for Word and Excel. You must amortize the down payment over the term of the lease. Xero connects you to all things business. 44 is now past due. If you want to get a payment in advance of an order, you have to create a payment term, and specify that 50% has to be done in advance. These rent receipt templates can be used as-is or customized using Microsoft Word or Excel, Open Office, or Apple Pages or Numbers. Fairfield CA, 94554. invoice synonyms, invoice pronunciation, invoice translation, English dictionary definition of invoice. There are also some instructions for the Excel templates at the end, if. I wrote you about this last month, but I have not received any reply yet. Just complete your details, add your company logo and sent it to your client for payment. Buy Equipment with Down Payment in Cash Explained. Choose from a selection of free payment templates below, in Excel, Word, and PDF formats. Send an itemized bill promptly – just like you wouldn’t want a client to take their time mailing a check, don’t drag your feet on sending an invoice. Here are our templates closely related to Sample Invoice Down Payment. One of the requirements for a Home Loan in NC is a great Rental "Housing" payment record. SAP Process Variation. Vendor must supply the following information on their company letterhead. Sample Invoice For 50 Down Payment. Furthermore, you may want to keep the monthly payment at $400 per month, but need to calculate the deposit. Payment Breakdown Calculator. down payment invoice template. The ECTP teacher loan provides $7,500 to $15,000 for down payment that has an interest forgiveness feature when employed at the school for at least three years. The invoice is given to the buyer and the seller/dealer keeps a copy of it too. Under an advance payment bank guarantee, the guarantor undertakes to repay an advanced payment that the principal has received in the event that the principal does not fulfill the terms of its contract. Electronic PDF invoices are required and should be emailed to. DIVISION OF PUBLIC WORKS Code # AMOUNT CONTRACTOR REQUEST FOR PAYMENT. December 14, 2017 by Dora. There are 5 distinct payment categories. 2 Standard Payment Terms. You can choose to print the invoice and send it to your customer or email it to them directly. Buy Equipment with Down Payment in Cash Explained. , with terms of. Also feel free to browse through the templates that we have made available for you. Eight methods to pay vendor in SAP. Here are our templates closely related to Sample Invoice Down Payment. 2 of milling machine for 20% downpayment invoice, it looks weird for me. you have to pay GST in advance later on it will adjusted ag invoices in respective months. An invoice number. Not sure I understand some of the answers I see for questions like mine. Reminding about payment to the customer is very much needed in your business communication. Use them for onboard amenities, cruise and air discounts…even gift cards. It utilizes an invoice as its business is registered and he may be subjected to an audit check on his accounts by the authority. You can list down more than one transaction on a sales receipt if it is by the same client. On small, less time consuming work, it might even be best to invoice for 100% upfront. Labor Hour - Partial Payment Contract Sample 2. Consider the bad times as down payment for the good times. Review these payment term examples for further explanation. If you don't see a Business Form Template category that you want, please take a moment to let us know. ATO TV Changes to your payment summary (income statement) The way you receive your payment summary (now known as an income statement) is changing. Shop all things must amount to more than one yuan before Shop please contact the owner, and the small number of complex free scrambling to sell other things such as complex varieties and more than 15 species, and the total amount of at least 50 orders will not receive a contact: Zhao 13590188765 Tel :0755 -33,060,929 Tel: 0755-82786393 Fax 0755 -33,060,939 We sold merchandise department with. Save and confirm your invoice on the student portal. Business logo can also be placed on a payment receipt to make it organization’s property. explain how your records show that no payment has been made and request payment as soon as. Remember, you can also deduct mortgage interest payments on your income tax returns. 10 Free Freelance Invoice Templates [word / Excel] via www. I promise, this is easier than it sounds :) At first, I know it can feel like clearly and directly requesting a deposit or discussing payment terms up front is going to be awkward. Home » Templates » 50 Down Payment Contract Template. There are 10 free invoice templates available for you to download and adapt to your own freelance billing style. Elements in the Free Invoice Template:. The approved down payment amount and due date is displayed on the Intel® Web PO and serves as the template for the Down Payment Request. Enter the details of the customer, Description and the Invoice Amount. Read all about writing a great registration email, writing an incomplete registration email and how to write an awesome payment acknowledgement email. But you can only create an invoice, when the order is definit (so it is NOT an offer). Just replace the yellow highlighted sections with your own information and your work is done. Which invoice template format should I use? You have a few. Printable Receipt Template Issue this receipt template to customers when payment is made by either cash, check or credit card. You can request payment upfront, although this might be challenging. Request a down payment for a construction project by telling the owner of your intentions as early as possible during the contract negotiation process. PIPE 1¼ GAUZE 20 Payments: *50% Down payment upon confirmation. What are the main benefits of using an invoice template?. Document Entry: FB60 – Invoice F-43 – Invoice – General FB65 – Credit Memo F-41 – Credit Memo – General FB10 – Invoice/Credit Memo Fast Entry FV60 – Park or Edit Invoice F-63 – Invoice Parking – General FV65 – Park/Edit Credit Memo F-66 – Credit Memo Parking – General F-47 – Request Down Payment…. When creating an. org, and Google Docs. A complete list of invoice payment terms to help you understand and write appropriate business credit guidelines for your company and its vendors or suppliers. if you create a sale order with 1000usd and done down payment of 100usd, in the invoice it will show balance as zero. jpg Down Payment Receipt - Oloschurchtp. If you’re buying a car based on the invoice price (for example, “at invoice,” “$100 below invoice,” “two percent above invoice”) and if freight is already included, make sure freight isn’t added again to the sales contract. TradingNet Business & Productivity Tools - Vertical Markets, Shareware, $99. This process wreaks havoc with your Accounts. Whether face to face local or online international payment, Pin Payments has low transaction fees, no monthly fees and no minimum. Apply Now; JOHN HEALD'SBLOG Know you want to cruise, but not sure what it's really like?. Businesses template need to have professionally designed form template word for creating the best impression on their microsoft word email template clients. 1) Invoice Wording It is important to come across as polite and professional while wording your invoice. invoicesampletemplate. 0 1 Overview The Invoice 2-in-1 (Services) is used any time a contract requires invoice acceptance prior to submission for payment. How Do I You can print checks individually or in a batch. Imagine this: You’ve just wrapped a project and you’re about to send off the invoice. Payment options. So now you can focus on more important things. Apply Now; JOHN HEALD'SBLOG Know you want to cruise, but not sure what it's really like?. In consideration for agreeing to this Payment Agreement, the Owed Party hereby releases any claims against the Owing Party related to the Deficiency as of the date of this Agreement. [email protected] Document Entry: FB60 – Invoice F-43 – Invoice – General FB65 – Credit Memo F-41 – Credit Memo – General FB10 – Invoice/Credit Memo Fast Entry FV60 – Park or Edit Invoice F-63 – Invoice Parking – General FV65 – Park/Edit Credit Memo F-66 – Credit Memo Parking – General F-47 – Request Down Payment…. Conventional Loans The borrower must be the sole proprietor…. We then have purchasing receive in the first PO line so we can pay the 50% down invoice. “Down payment gifts” are common. Description of goods or services List the products or services supplied. The standard (final) invoice, which is issued after shipment, is the document posted to the seller's accounts receivable ledger. This makes it easier for both parties to keep a record. American Utility Management - Utility and energy costs are the third largest expense for multifamily properties and AUM is the only utility management and energy services company providing a complete solution for the multifamily industry. Excel Invoice Templates 50 Sample Invoice Template Excel Techdeally from general invoice template excel , source:templateideas. Rent Receipt Form, Rent Payment Receipt, Rent Invoice. Download contoh template invoice tersebut di sini. 0 1 Overview The Invoice 2-in-1 (Services) is used any time a contract requires invoice acceptance prior to submission for payment. Having the right invoice statements can help your business get paid in a timely manner. Handling Customer Deposits in QuickBooks. The HST is charged in provinces that have merged their provincial sales tax (PST) and the federal goods and services tax (GST) into a single tax. Payment on Specific Accounts. Free, customizable invoice templates for PDF, Word, and Excel. It's time-consuming, frustrating, and can do serious damage to your cash flow. Below that, put your business address, company phone number, email, and any other relevant contact information. Tcodes are the shortcut keys to access the reports / functions quickly. Overdue Invoice Reminder Letter Sample Here is a sample overdue invoice reminder letter. Small claims cases require that you ask the other side for payment before you go to court (unless there is a good reason why you cannot). Available Payment Options Lapida Online Payments Options A 50% down payment is required in every order we received from our clients, the remaining balance must be paid upon completion. Eight methods to pay vendor in SAP. A common roofing scam occurs when a company agrees to replace a roof, but requires a down payment before starting the work. For almost every project, a 50% down payment is standard. A simple "please pay your invoice within" or "thank you for your business" can increase the percentage of invoices that are paid by more than 5 per cent! That could easily equate to thousands of dollars per year. workamajig. Find descriptive alternatives for invoice. A letter for requesting payment must be written in such a way that it will still have the tact needed to maintain professionalism. October 17, 2017 6 min apprehend Opinions bidding by Entrepreneur contributors are their own. Acknowledgement of a payment. February 8, 2019. Zoho Balance has four appraisement plans. What is the Invoice for and when to use it ? The business invoice is an essential legal document prepared by a vendor or service provider and given to the customer or client to serve as a record of goods or services sold to the customer or client. 50 lacs includes GST also. ) Invoice My Account (30 Day Net Terms). Deposits can be easily recorded when entering a sales invoice or sales order and when printed the invoice or order automatically shows the deposit and the outstanding amount still to be paid. Office of County Auditor, Galveston County, Texas Page 2 of 17 Accounts Payable Policy Last Revised 05/14/2018 6. Basic invoice. It will also be compared to the invoice which should note what you are being billed for. Notice of Payment 60 Days Past Due Template – Download Now. There are also some instructions for the Excel templates at the end, if. Getting this information early on can help you avoid any delay in payment or miscommunication issues down the line. 8 days (on average). buyers to receive cash down payment gifts. We appreciate being able to serve you as your supplier of kitchen appliances for your residential construction. You can even attach a payment link so that your customers can pay online. In most cases, a short, polite reminder via email is all that's needed. Subject: Overdue Payment Reminder – TREAT AS URGENT. Payment Receipt. Here are our templates closely related to Sample Invoice Down Payment. State of Idaho DPW PROJECT NO. An invoice number. This makes it easier for both parties to keep a record. 0 Invoice Processing for Payment Payments are to be made on original invoices received from vendors. Notice that a receipt is not the same as an invoice. It features a modern style design in mint green that can be printed and used as many times as you need. Borrowers purchasing in the county selected may also be eligible to receive down payment assistance (DPA) through the FL HLP Second Mortgage Program. Conventional Loans The borrower must be the sole proprietor…. Received an Invoice? Here’s Why. Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. If you’ve never paid for rent, then the Underwriter is forced to consider Payment Shock. You must amortize the down payment over the term of the lease.