Process

1. File Update

Specify whether the program runs in proof or final mode. Values are:

Blank: Proof mode. The system generates only a report.

1: Final mode. The system generates the fee or interest record, updates the appropriate tables, and generates a report.

2. File Update Method

Specify whether the system generates one fee record for each invoice or one fee record for each unique bill code that appears on the invoice. Regardless of the value that you specify, the report includes one line for each late fee amount by bill code. Values are:

Blank: Generate one fee record for each unique bill code that is entered on the invoice. The system summarizes the fee amount by the bill code if the invoice has multiple pay items for the same bill code.

1: Generate one late fee for the invoice, regardless of the number of pay items or the bill codes.

3. Late Fee Processing

Specify whether the system verifies that the Subject to Late Fees option (LTFE) is selected in the Bill Codes / Adjustment Reasons program (P1512) for the bill code for which the late fee is processed. Values are:

Blank: Verify that the option is selected. The system does not generate late fees for bill codes that do not have the Subject to Late Fees option selected.

1: Do not verify that the option is selected. The system generates late fees for all of the bill codes specified, regardless of the setting of the Subject to Late Fees option.

4. Security Deposit Write-Off Reason Code

Specify the reason code that the system uses to retrieve the offset account for the Receipts Detail record (F03B14) that the system generates for the compounded interest on security deposits. The system retrieves the account from the AAI item RAxx, where xx is the reason code.

The system uses this processing option only when you specify to generate compounded interest on security deposits. If the Compound Flag field (COPF) is set to blank, the system ignores this processing option.

5. Late Fee Write-Off Reason Code

Specify the reason code that the system uses to retrieve the offset account for the Receipts Detail record (F03B14) that the system generates for the interest on fees. The system retrieves the account from the AAI item RAxx, where xx is the reason code.

The system uses this processing option only when you specify to generate fees that are compounded. If the Compound Flag field (COPF) on the Fees and Interests record (F1525B) is set to blank, the system ignores this processing option.

6. Variable Fee Or Interest Rates

Specify the rate that the system uses to calculate the fee or interest when the value in the Rate Indicator Code field (RAIF) in the Fee and Interest table (F1525B) equals 1, 2, 3, or 4. The system uses the rate from this processing option that corresponds to the value entered in the Rate Indicator field. If the value of the Rate Indicator field is a percent, the system ignores this processing option.

Enter the rate in decimal format. For example, enter 0.05 to specify 5 percent.