Preventing Obligation Balances And The GL From Being Impacted Until Bill Completion

Note:

This topic relates to Classic Billing. The concepts described below apply only if your implementation uses classic billing. The business rules relating to financial transactions for rules based bills are governed by the algorithms configured on the bill type.

It's important to understand that when any type of financial transaction is frozen, the related obligation's balance is affected. For example:

For payments, there is no issue. However, for bill based tax types, you may not want the taxpayer's balance to be impacted until the bill is completed. Consider the following:

If this is unacceptable, you can setup the system to not allow certain types of FT's to be frozen until the bill is completed. This means that neither the taxpayer's balance nor the general ledger will be impacted until bill completion time. To do this:

Please be aware of the following in respect of the Freeze At Bill Completion options:

Note:

Alerts highlight freezable FT's. Please be aware that messages appear in the Financial Information Zone to highlight the existence of freezable financial transactions.

Please be aware of the following in respect of the Freeze At Will options: