Understanding the Clieop03 Process

These steps must be completed when billing students using Incasso and the Clieop03 process:

1. The institution prints Incasso form and sends them to students.

2. Students sign and return the Incasso form to the institution.

3. The institution processes the form by assigning students to payment plans.

4. The institution creates Clieop03 receivables to produce direct debits, and it sends the file to the bank.

5. The bank runs the Clieop03 file and transfers money to the institution.

6. The institution manually processes rejects using standard payment reversal functionality.

Note:

Steps 1 and 2 are functional prerequisites that are not supported by the PeopleSoft application. The Incasso is a contract between the student and the Institution stating that a student payee authorizes the Institution to deduct a certain amount of funds at certain time intervals.

Before the Clieop03 file can be created, students must be linked to a payment plan. This payment plan must be set up, and students must be linked to this payment plan. After students are linked to a payment plan, you can create the Clieop03 files.