Scheduled And Actual Payments On The Non-Billed Budget
When a scheduled payment is due, an adjustment is created to increase the Non-Billed Budget's current balance by the expected amount. The current balance on the SA can be monitored to ensure that payments are being made on time.
When the payment is made, the Non-Billed Budget's current balance is reduced to zero and the Non-Billed Budget's payoff balance reflects the accumulated credit from the payment. This accumulated credit is transferred to the covered SAs when the next bill for the account is completed.
The following example illustrates scheduled and actual payments for the Non-Billed Budget in the previous example. The amount of the scheduled Non-Billed Budget payments is 10. Note that the first two transactions were described 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 |
||||
An algorithm ( Process NBB Scheduled Payment ) plugged in on the Non-Billed Budget SA type creates the appropriate financial transactions when the scheduled payment is due. The algorithm is called by the Non-Billed Budget Scheduled Payment Processing ( NBBPS) background process.
The normal payment processing handles the adjustments created when the payment is made.
Non-Billed Budget Payment Cancellation. If a payment is canceled, the financial transaction is reversed.
Automatic Payments And Non-Billed Budgets. Users may set up a Non-Billed Budget to use automatic payments by setting up the account's auto pay options. Users may also exclude the Non-Billed Budget from automatic payment if the account is set up for automatic payment. The NBB Scheduled Payment Automatic Payment Create background process calls the Auto Pay Creation algorithm to create the auto payment for a Non-Billed Budget.