Pay plans are initiated by creating a 'pay plan' type of obligation for a taxpayer. The pay plan and its obligation type maintain the details of the pay plan, such as recommendation rules, covered obligations, and scheduled payments.
Pay plans are just like other obligations in that collections activity may be used to encourage the taxpayer to pay.
Pay plans differ from other obligations in the following ways:
Pay plans have a special role of Pay Plan.
Pay plans have scheduled payments.
Pay plans maintain a list of covered obligations.
Pay plans are started and maintained on a separate transaction (refer to Pay Plan - Main for more information).
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