Layaway payment calculator

Enter the price, tax, deposit and how often your customer will pay. You’ll get the payment amount and every due date, ready to print for your customer.

Your sale

Sale price ($)

Sales tax (%)

Deposit

Layaway fee ($)

Number of payments

How often

Layaway start date

Add names for the printed plan

Store name

Customer name

Payment plan

Email it to me

Keep a copy

Want this plan in your inbox?

Handy for the counter, for your records or for texting the numbers to your customer later.

Tired of tracking layaways by hand?

Naddaf Suite records every deposit and payment, texts your customer a link with their live balance and shows all open layaways on one screen. See how layaways work.

How layaway payments are calculated

The math behind a layaway plan is simple, but it’s easy to make a mistake at a busy counter:

Total = price + sales tax + any layaway fee.
Balance = total − deposit.
Each payment = balance ÷ number of payments, rounded down to the cent. The last payment picks up the leftover cents so the plan adds up exactly.
Due dates step forward from the start date by a week, two weeks or a month. Monthly dates stay on the same day of the month, or the last day when a month is shorter.

Example: a $1,200 sofa with 6% tax is $1,272. With 20% down the deposit is $254.40, leaving $1,017.60. Over 6 payments every 2 weeks, that’s $169.60 each.

Layaway questions

How do I work out a layaway payment?

Add sales tax and any layaway fee to the price to get the total. Subtract the deposit to get the balance. Divide the balance by the number of payments. The calculator does this for you and rounds each payment to the cent, with the last payment covering any leftover cents.

How much deposit should I ask for on a layaway?

It’s up to your store. Many stores ask for a set percentage, such as 10%, 20% or 25%, or a fixed minimum. A bigger deposit means smaller payments and less risk for you.

How long should a layaway plan be?

Most stores keep layaways short, often a few weeks to a few months, so the item doesn’t sit in the back for too long. Try different payment counts and schedules in the calculator to find what works for your customers.

Can I give the plan to my customer?

Yes. Add your store and customer name, press Print and hand it over, or save it as a PDF. There’s a signature line at the bottom.

Is the calculator free?

Yes, completely free and no sign-up is needed. If you want every payment tracked for you automatically, try Naddaf Suite free for 7 days.

Talk to a person

Want layaways tracked for you?

We’ll call you, answer your questions and get your business set up with you. It’s free and there’s nothing to buy on the call.

We add your first products or services and customers with you
We show you texting invoices, deposits and payment plans on your own phone
English or Spanish, whichever you prefer

Prefer to call us? (240) 708-5905

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Then $39/month for everything. No credit card to start. Cancel anytime.

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