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Administrator Guide
Last Updated: 2026-02-20
Schedule Fixed Price Payments

Schedule Fixed Price Payments

  • Create a draft statement of work (SOW) with a
    Payment Type
     of
    Fixed Price
    .
  • Complete the required fields in the
    Settings
     tab of the SOW.
A fixed price payment is a static payment amount determined by scheduled dates. You can schedule 1 or more fixed payments for an SOW.
  1. From the header, select
    Statement of Work
    Statement of Work
    .
  2. Open the desired, draft SOW.
  3. Select the
    Fixed Price Payments
     tab.
  4. Click
    Schedule Payments
    .
  5. Enter the
    Payment Details
    . Consider:
    Option
    Description
    Charge Codes
    Select the charge codes for the payment.
    If the
    Enable payment allocation between multiple charge codes for Fixed Price/Milestone Payments
     option is turned on in
    Company Settings
    , you can select
    Multiple Charge Codes
     and allocate the payment across more than 1 charge code using a percentage or flat rate allocation. If that option isn’t turned on in
    Company Settings
    , you can select 1 charge code for the payment.
    Additionally, if
    Enable SOW Budget Allocation
     is turned on in
    Company Settings
     and used on the SOW, VNDLY only allows you to select from the SOW’s available charge codes and you can’t exceed the set budget.
    For more information about the
    Enable payment allocation between multiple charge codes for Fixed Price/Milestone Payments
     and
    Enable SOW Budget Allocation
     settings, see Set Up Statement of Work Settings.
  6. Click
    Save
    .
Once all details are complete, send the SOW to the vendor for review and modifications by clicking
Send to Vendor
.