Transaction Type Sample - Payment Plan Service Charge
The Fee Transaction Type is needed to keep track of fees
charged to an account. Any transaction flagged as a Fee
type, with an amount either in the To Us or Direct field, will
affect the balance of the Fee amount displayed on the
Debtor form. An amount in the transaction's Commission
field affects only the commission amount shown on the
statement you generate for your client.
By default, Collect! ships with a number of Fee type
transaction samples for miscellaneous charges to
an account. Collect! reserves the codes 300 to 399
for these fees.
The 350 Payment Plan Service Charge transaction type
is used when a payment plan is set up on an account.
The amount entered as the Service Charge will be
posted to the account using this Transaction Type 350.
Payment Plan Service Charge
All Fee transactions are totaled together and the result is
displayed in the Fees field of the Debtor form.
When a 350 Payment Plan Service Charge transaction
is posted to an account, the Description from the
Transaction Type form is copied to the transaction being
posted.
The 'Enter amount on Posting' radio button is switched
ON to enable Collect! to fill in the amount stored in the
payment plan settings. This is entered as a negative
amount in the transaction's To Us field and increases
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 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 payment plan with a service charge
to an account.
See Also
- Transaction Type Basics - Introduction/Accessing
- Payment Plan Topics
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