There Are Two Types Of Non-Billed Budgets

There are two types of Non-Billed Budgets: monitored and unmonitored. As the terms suggest, the difference between monitored and unmonitored Non-Billed Budgets is whether they are monitored by the account debt monitor. However, this also means that monitored and unmonitored Non-Billed Budgets receive different financial treatment by the system.

In general, monitored Non-Billed Budgets have their current balances monitored by the account debt monitor while the current balances of any covered SAs are zero (and therefore don't violate any debt collection criteria). With monitored Non-Billed Budgets, customers make required prepayments that are applied towards their utility bills (until the Non-Billed Budget is stopped). They are responsible for making sure the payments on their Non-Billed Budget are up to date, but they do not have to payoff any balances on covered SAs.

Unmonitored Non-Billed Budgets do not have their current balances monitored by the account debt monitor while the current balances of any covered SAs are maintained and therefore subject to the account debt monitor. When customers are set up on an unmonitored Non-Billed Budget, the payments that they make towards the budget are optional. They are, however, financially responsible for paying the current balances of any covered SAs.

Fastpath:

Refer to Financial Transactions For Unmonitored Non-Billed Budgets for detailed information about the financial differences between monitored and unmonitored Non-Billed Budgets.

Note:

SA Type Determines Monitored Status. The SA type that you select when setting up a Non-Billed Budget determines whether it is monitored or unmonitored (i.e., it's a setting on the SA type). Your company may choose to implement only monitored non-billed budgets, only unmonitored Non-Billed Budgets, or both.