Transaction Type Sample - Payment Plan Initial Discount
The Payment Plan Initial Discount transaction type
is used to post an initial discount when using Payment Plans.
If you are not using plans, then you can skip this transaction type.
The screen shot below shows the settings for the
Payment Plan Initial Discount Transaction Type.
Payment Plan Initial Discount
The rest of this document explains the settings shown
above.
In the Account section, ADJUSTMENT is selected for
this transaction type. The dollar amount to post is taken
from the Payment Plan form or the Payment Plan Setup form.
When you create a 193 Payment Plan Initial Discount
transaction on a debtor account, the Description from the
Transaction Type form will be copied to the transaction
being posted.
The 'Enter amount on posting' radio button is switched
ON to enable Collect! to fill in the value of this discount
from the payment plan settings as a positive dollar
amount. This reduces the amount of the payment
plan and is posted as an Adjustment to the debtor's
account.
The dollar amount of the Initial Discount is displayed in
the Adjustment field on the Debtor form as a Negative
amount. This reduces the debtor's Owing.
In this sample, the reporting check boxes tell Collect!
to omit this transaction when creating a statement for
your client and also to omit the transaction when
generating the Daily Cash Report.
Display is set to leave both the To Us and the Direct
fields visible at all times when viewing the transaction
or Transactions List.
No operator or sales operator ID's have been set to be
used as default values when posting this transaction
type.
No contact plans have been set to be run when posting
this transaction type.
No commission rate has been set to override the
commission rate that may be set on the Debtor form.
All the above settings will be automatically filled in
for you when you post a 193 Payment Plan
Initial Discount transaction to an account. The
dollar amount will be filled in from the payment plan
settings.
See Also
- Transaction Type Basics - Introduction/Accessing
- Payment Plan Topics
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