Promise Listing Summary

The Promise Listing Summary displays all the details of the debtor's payment schedule for a promise payment schedule. Information is read from the debtor's Principal Detail, Financial Detail and Promise Contact.

In the Promise Entries sub-form, all calculations are displayed for the complete payment schedule for the account's balance.

Promise Listing Summary

The Promise Listing Summary may be accessed in one way.

When viewing the Debtor form, select the Owing field to display the Debtor Financial Summary. Then select the PROMISE SCHEDULE button.

To display the Promise Listing Summary, a Promise Contact must be scheduled for the Debtor. If no promise exists, a message will say "No promises found" when you select the PROMISE SCHEDULE button.

Interest Details

The information in this section is taken from the Interest Detail settings for the Debtor account.

Calc Date

This is the date from which interest will be calculated. It is normally the Due Date set in the Promise Contact when the payment agreement was entered in Collect!

Rate

This is the annual percent rate at which the account is charged interest. This rate is divided into appropriate periods for the interest calculations.

Basis

This is the number of days used as the basis for calculating interest. For Revolving Compound interest, the choices are a year of 360 days or 365 days. This setting is taken from the Financial Detail.

Period

This is the frequency for compounding interest and converting it to principal.

Current Outstanding Totals

This section shows the outstanding balances for the account. This is taken from the Debtor form's financial fields.

Principal

This is the amount of the Original Debt, or the sum of all transactions posted to the Principal account. This information is taken from the Financial Detail form and displays in the Debtor's Principal field.

Interest

This field displays the Total Interest for this account. This information is taken from the Interest Detail settings in the Financial Detail form and displays in the Debtor's Interest field.

Fees

This field is a summary of all Fee transactions belonging to this debtor. This is taken from the Debtor Transaction Summary and displays in the Debtor's Fees field.

Legal

This field is a summary of all Legal transactions belonging to this debtor. This is taken from the Debtor Transaction Summary and displays in the Debtor's Legal field.

Misc

This field is a summary of all Misc transactions belonging to this debtor. This is taken from the Debtor Transaction Summary and displays in the Debtor's Misc field.

Other

This field is a summary of all Other transactions belonging to this debtor. This is taken from the Debtor Transaction Summary and displays in the Debtor's Other field.

Adjustments

This field is the Sum of All Adjustment transactions belonging to this account. This is tallied from Adjustment transactions posted for the debtor and is displayed in the Debtor's Adjustments field.

Owing

This is the total amount Owing, the remaining balance outstanding on this account. This is tallied from Original Principal and Interest, plus charges and interest accrued, minus debtor payments. This is displayed in the Debtor's Owing field. If a judgment is recorded, then the Judgment Principal and Judgment Interest are used instead of the original values.

Promise Entries

This sub-form displays all details of outstanding promised payments for the account, as well as remaining balances.

To print this to the Browser for easy viewing, select the Print icon from the top tool bar from the top menu bar and then select Quick Print. Select Printer Setup and make sure there is a dot in the radio button labeled Print Via Browser. Close the Printer Setup form. Select Printer and then Preview and then select the PRINT button. This will display the table in your Internet browser.

Exit

Select this button to close the Promise Listing Summary and return to the previous form.

Printing Promise Listing Summary

The Promise Schedule is recalculated whenever you Recalc a debtor. Recalc also occurs whenever referencing Promise fields within a report. This enables printing reports with current Promise schedule information.

Use @pls.* field codes to print interest details and outstanding totals from the Promise Listing Summary.

Loop through the Promise Entries using an @pe loop with @pe.* field codes.

For example:

Start On: Debtor

Principal: @pls.pr
Interest: @pls.in
Owing: @pls.ow

Due Date: Promised
@pe
@pe.dd @pe.pr
@pe
Total:

You do not need to have the debtor's account open to access Promise Listing Summary details, so a report with Promise information may be queued in your daily batch.