A payment schedule template is a way to keep track of the dates when the payment is required to be made by one party to another. We can say it without a doubt that the payment schedule is one of the best tools to keep track of the payments. However, one has to follow various steps in order to make a payment schedule, such as, to determine the number of weeks in which payments are to be made. This schedule of financial instruments define the time and dates at which cash proceedings are made by one party to another. Normally it is a type of a schedule in which dates or a timetable is set, according to which various payments are made to a contractor. Importance of Payment Schedule Template If you are paying to more than one party then your payment schedule must priorities your payments according to their urgency. You can use this schedule personally or in your business dealings. Without a doubt a payment schedule makes your payment process less hectic and lets you make your payments in snippets rather than making them frantically all at once. Generally, it is a process that defines when, how, and