Overpayments for Non-Billed Budgets
Typically, payments in excess of the Non-Billed Budget's current balance are credited to an overpayment (excess credit) SA. When the next adjustment is created for a scheduled payment, the credit on the overpayment SA is used to relieve the non-billed budget current balance.
Overpayment Distribution Algorithm. The overpayment distribution is a function of the overpayment distribution algorithm plugged in on the account's customer class. We strongly recommend that the Non-Billed Budget SA type be set up so that overpayment is not allowed. Any excess payments should go to an overpayment SA. For more information about overpayment distribution, refer to Overpayment Segmentation.
In the example below, the customer pays 20 for a scheduled payment instead of 10. The non-billed budget SA is illustrated on the right and the overpayment SA is illustrated on the left. The electric SA is not illustrated in the example below because scheduled payments, payments and overpayments have no effect on covered SAs. The first four transactions were illustrated above.
|
Event |
Effect On Current Balance |
Effect On Payoff Balance |
Current Balance |
Payoff Balance |
Effect On Current Balance |
Effect On Payoff Balance |
Current Balance |
Payoff Balance |
|
Non-Billed Budget SA |
Overpayment SA |
|||||||
|
Starting balance |
||||||||
|
Non-Billed Budget is activated |
||||||||
|
First scheduled payment is due |
10 |
0 |
10 |
0 |
||||
|
Payment |
-10 |
-10 |
0 |
-10 |
||||
|
Second scheduled payment is due |
10 |
0 |
10 |
-10 |
||||
|
Over-payment |
-10 |
-10 |
0 |
-20 |
-10 |
-10 |
-10 |
-10 |
|
Third scheduled payment is due |
10 |
0 |
10 |
-20 |
||||
|
Transfer Adjustment |
-10 |
-10 |
0 |
-30 |
10 |
10 |
0 |
0 |
After the Process NBB Scheduled Payment algorithm creates the next scheduled payment, it looks for a credit amount on the overpayment SA and creates an adjustment to transfer the credit balance (or the amount of the payment if the credit is more than the scheduled payment amount) from the overpayment SA to the non-billed budget SA. The overpayment transfer adjustment type and the overpayment SA type are specified as parameters to the algorithm.