Different Overdue Rules For Different Taxpayers

The Overdue Monitor uses rules to control how it monitors an account's debt. The system allows you to define different rules for different combinations of collection class, division and currency code. For example,

• You may have different collection rules for different jurisdictions (i.e., divisions).

• You may have different collection rules for different taxpayer segments. You differentiate your taxpayers in respect of the overdue via the collection class on the taxpayers' accounts. An account's initial collection class is defaulted from its account type. You may override an account's collection class at will.

• You may have different criteria for every currency in which you work because the monitoring process always compares a taxpayer's debt against some value and this value must be denominated in the taxpayer's currency. A taxpayer's currency is defined using a currency code on the account.