When a customer pays off the rest of an installment plan, give them a settlement letter that closes the balance. Fill in the details and print it.
Date: 1970-01-01
.................... confirms receiving .................... JOD from .................... as full and final settlement of the balance of .................... JOD for: .....................
The customer owes nothing further under this contract, and any promissory notes related to it are returned.
A general template, not legal advice.
A written statement that a customer paid an agreed final amount and the remaining installment balance is closed.
After the last payment or an agreed early payoff. Return any signed promissory notes at the same time.
Yes, if the seller agrees to a discount for early payment. Write both amounts so the agreement is clear.
Yes, free with no sign-up. Nothing you type is saved.
Aqsati keeps customers, contracts, schedules and receipts in one place and lists late payers daily — 35 JOD a year.
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