The Payment Plan Invoice is essential for businesses operating in South Africa that offer installment payment options to their customers. This document type emerged from the need to combine standard invoicing requirements with formalized payment arrangements, particularly in transactions where immediate full payment isn't feasible or desired. It must comply with South African legislation, including the Value-Added Tax Act 89 of 1991, the Consumer Protection Act 68 of 2008, and the National Credit Act 34 of 2005. The document is commonly used in both B2B and B2C transactions, providing a clear record of the transaction while establishing legally binding payment terms. It includes all elements required for tax purposes while protecting both parties' interests through structured payment arrangements.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Invoice Details: Document number, date, and type of invoice
2. Supplier Information: Full legal name, registration number, VAT number, and contact details of the supplier
3. Customer Information: Full legal name, registration number (if applicable), VAT number (if applicable), and contact details of the customer
4. Product/Service Details: Itemized list of products/services, quantities, unit prices, and total amounts
5. Payment Plan Terms: Total amount due, number of installments, payment amounts, and due dates
6. Payment Methods: Accepted payment methods and banking details
7. Default Terms: Consequences of missed payments and default procedures
8. Acceptance: Signature blocks or acceptance mechanism for both parties
1. Early Payment Terms: Include when offering discounts for early or lump sum payments
2. Special Conditions: Include when there are unique terms specific to this payment plan
3. Interest Charges: Include when charging interest on installments or late payments
4. Security Requirements: Include when requiring security deposit or guarantees
5. Insurance Requirements: Include when insurance is required for financed goods
6. Delivery Terms: Include when physical goods are involved and delivery arrangements need specification
1. Payment Schedule: Detailed breakdown of payment dates, amounts, and running balances
2. Product/Service Schedule: Detailed specifications of products/services when the main invoice section is insufficient
3. Terms and Conditions: Standard terms and conditions applicable to the payment plan
4. Direct Debit Authorization: If applicable, authorization form for automatic payment collection
Relevant legal definitions
Agreement
Business Day
Commencement Date
Customer
Default
Due Date
Early Payment
Goods
Initial Payment
Installment
Interest Rate
Invoice Amount
Outstanding Balance
Parties
Payment Date
Payment Method
Payment Plan
Payment Schedule
Principal Amount
Services
Supplier
Term
Total Amount Due
VAT
Late Payment Fee
Force Majeure
Governing Law
Notice
Payment Default
Security Deposit
Business Day
Commencement Date
Customer
Default
Due Date
Early Payment
Goods
Initial Payment
Installment
Interest Rate
Invoice Amount
Outstanding Balance
Parties
Payment Date
Payment Method
Payment Plan
Payment Schedule
Principal Amount
Services
Supplier
Term
Total Amount Due
VAT
Late Payment Fee
Force Majeure
Governing Law
Notice
Payment Default
Security Deposit
Clauses
Payment Terms
Payment Schedule
Default and Remedies
Interest Charges
Early Payment
VAT Compliance
Goods and Services Description
Delivery Terms
Title and Risk
Security
Cancellation Rights
Notices
Dispute Resolution
Governing Law
Force Majeure
Assignment
Severability
Entire Agreement
Amendment
Consumer Protection
Credit Terms
Collection Costs
Electronic Communications
Warranties
Payment Schedule
Default and Remedies
Interest Charges
Early Payment
VAT Compliance
Goods and Services Description
Delivery Terms
Title and Risk
Security
Cancellation Rights
Notices
Dispute Resolution
Governing Law
Force Majeure
Assignment
Severability
Entire Agreement
Amendment
Consumer Protection
Credit Terms
Collection Costs
Electronic Communications
Warranties
Relevant Industries
Retail
Manufacturing
Construction
Professional Services
Education
Healthcare
Technology
Automotive
Real Estate
Industrial Equipment
Consumer Goods
Business Services
Relevant Teams
Finance
Accounts Receivable
Credit Control
Sales
Legal
Administration
Commercial Operations
Business Development
Customer Service
Collections
Relevant Roles
Financial Controller
Credit Manager
Accounts Receivable Manager
Sales Manager
Business Development Manager
Financial Director
Credit Controller
Billing Coordinator
Collections Manager
Commercial Manager
Finance Officer
Administrative Manager
Find the exact document you need
Creative Invoice
A South African law-compliant invoice template for creative professionals and agencies to bill clients for creative services and deliverables.
find out more
Invoice Tracking
A South African compliant framework for systematic invoice tracking, processing, and management procedures.
find out more
Home Improvement Invoice
A South African legal document for billing clients for home improvement works, compliant with local consumer protection and tax laws.
find out more
Selling Invoice
A South African compliant commercial document that formally requests payment for goods or services, incorporating local VAT and consumer protection requirements.
find out more
Car Dealership Invoice
A South African legal document recording a vehicle sale transaction between a dealership and customer, including vehicle details, pricing, and mandatory disclosures.
find out more
Invoice Receipt
A South African commercial document that combines an invoice and receipt, compliant with local VAT and consumer protection laws, serving as proof of transaction and payment.
find out more
Invoice For Contractor Hours
A South African tax-compliant invoice template for billing contractor hours, incorporating SARS requirements and detailed time-based service breakdown.
find out more
Auto Invoice
A South African law-compliant automotive invoice document that records and formalizes vehicle sales transactions.
find out more
Small Engine Repair Invoice
A South African-compliant invoice document detailing small engine repair services, parts, and charges while meeting local consumer protection and tax requirements.
find out more
Sales Invoice Receipt
A South African compliant sales invoice receipt documenting a commercial transaction, including VAT and payment details as required by local legislation.
find out more
Sales Tax Invoice
A South African tax invoice document that complies with SARS requirements, used to record VAT-registered business transactions and enable input VAT claims.
find out more
Plumbing Invoice
A South African-compliant billing document for plumbing services, incorporating VAT requirements and consumer protection elements.
find out more
One Off Invoice
A South African-compliant invoice document for single transactions, meeting local VAT and tax requirements while detailing goods/services provided and payment terms.
find out more
Invoice For Sole Trader
A standardized invoice template for sole traders in South Africa, compliant with local tax and business regulations.
find out more
Invoice For Accounting Services
A South African tax-compliant invoice template for accounting services, meeting SARS and professional accounting standards.
find out more
Invoice (Consultancy)
A South African compliant invoice document for consulting services, incorporating VAT requirements and detailed service breakdown.
find out more
Commercial Invoice For International Shipping
A South African trade document that serves as both a customs declaration and proof of sale for international shipments, complying with SARS requirements and international trade standards.
find out more
Billing Statement
A South African compliant billing statement detailing charges, services, and payment requirements in accordance with local regulations.
find out more
Service Payment Receipt
A South African compliance-focused receipt document acknowledging payment for services rendered, including VAT and tax-required elements.
find out more
Invoice Refund
A South African compliant document for processing and recording invoice refunds, including payment details and supporting documentation.
find out more
End Of Tenancy Cleaning Invoice
A South African compliant invoice document for end of tenancy cleaning services, including itemized cleaning costs and payment terms.
find out more
Car Proforma Invoice
A preliminary vehicle sales document used in South Africa that details proposed terms, specifications, and pricing for a vehicle purchase transaction.
find out more
Invoice Legal Document
A South African law-compliant invoice document that serves as an official record of commercial transactions, meeting SARS requirements and business standards.
find out more
Gas Invoice
A South African compliant billing document for gas consumption and related services, meeting NERSA and VAT requirements.
find out more
Per Diem Invoice
A South African-compliant invoice template for claiming daily professional service rates, structured to meet local tax and legal requirements.
find out more
Item Invoice
A South African-compliant commercial document detailing items sold, their prices, and VAT calculations, serving as both a payment request and tax record.
find out more
Grant Invoice
A standardized invoice document for grant payment requests in South Africa, compliant with local tax and public finance regulations.
find out more
Water Invoice
A South African compliant billing document for water consumption and related services, meeting local municipal and tax regulations.
find out more
Simple Cash Receipt
A legally compliant South African cash receipt document acknowledging payment for goods or services.
find out more
Unpaid Invoice
A formal demand letter for unpaid invoices compliant with South African law, serving as official notification to debtors and initiating the debt collection process.
find out more
Open Source Invoice
A South African-compliant invoice template specialized for open source and technology-related transactions, meeting all local tax and commercial requirements.
find out more
Travel Expenses Invoice
A South African compliant invoice document for claiming business travel expenses, including itemized costs and supporting documentation as required by local tax laws.
find out more
Line Item Invoice
A South African tax-compliant itemized invoice detailing goods/services provided, with full cost breakdown and VAT calculations.
find out more
Freelance Contractor Invoice
A South African law-compliant invoice template for freelance contractors to bill clients for professional services, including all required tax and payment information.
find out more
Home Repair Invoice
A South African legal document for billing home repair services, compliant with local consumer protection and tax regulations.
find out more
Time And Material Invoice
A South African compliant invoice document for billing both labor hours and materials used in service delivery, incorporating local VAT and commercial requirements.
find out more
Labor And Material Invoice
A South African compliant invoice document that details both labor costs and materials used in project execution, meeting local VAT and labor law requirements.
find out more
Invoice Summary
A South African-compliant document that summarizes invoice information, including transaction details and tax implications, meeting SARS requirements and business needs.
find out more
Bill Pay
A South African law-governed agreement establishing terms and conditions for bill payment services, including payment processing, security measures, and regulatory compliance.
find out more
Chiropractic Invoice
A South African compliant billing document for chiropractic services, meeting healthcare regulatory and tax requirements while facilitating medical aid claims.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)