Underpayments For Non-Billed Budgets
An insufficient payment or a canceled payment leaves a current balance on the Non-Billed Budget SA.
In the example below, the customer makes a payment of 7 for the fourth scheduled payment. The example below does not show the overpayment SA (illustrated above). The first eight transactions are discussed 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
Electric SA
Non-Billed Budget SA
Starting balance
0
0
25
25
Non-Billed Budget is activated
-25
0
0
25
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
Third scheduled payment is due
10
0
10
-20
Transfer Adjustment
-10
-10
0
-30
Fourth scheduled payment
10
0
10
-30
Underpayment
-7
-7
3
-37
The Process NBB Scheduled Payment algorithm creates a trigger to ensure that the current balance is monitored by the account debt monitor. Refer to Credit And Collections And Non-Billed Budgets for more information.