Invoice Payment in Instalments

[Plutocrat]

Hi,

Just a sanity check here. I have a client who wants me to invoice him with a single invoice containing 12 monthly payments. He will pay me 100 dollars (for eg) on the 15th of each month. Jan 15th to Dec 15th 2015.

So on a backup set of accounts I tried this out. I created the Customer and Job, and then created in invoice dated Jan 7th. I put 12 lines in the invoice.
2015-01-15 | Jan Payment | 1 x 100 USD = 100
2015-02-15 | Feb Payment | 1 x 100 USD = 100
2015-03-15 | Mar Payment | 1 x 100 USD = 100
etc

I posted the invoice and then received partial payment for the first instalment of 100 USD. This seemed to work. It was credited to my checking account. The invoice remained unpaid. There was no indication of how much of the invoice was paid / unpaid, but this is a minor detail.

So, as a sanity check, does this look like a good way to handle the situation? Is there a BETTER way that I don't know about? Always keen to learn new tricks!

J.