Dynamic Credit Allocation

Credit allocation is the process of taking credits within an obligation and applying business rules to allocate them against tax, penalty, interest, and fees (in other words, allocated by debt category).

We use the term 'dynamic credit allocation' to indicate that credit allocation should be re-evaluated any time penalty and interest is calculated, whether for updates or forecasting.

The base product provides zones on the 360 Degree View - Financial Information portal and on Control Central on both the Account Information portal and the Taxpayer Information portal that show the balances by debt category at various levels (person, account, tax role, obligation, assessment). Refer to the details of the zone for more information.