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.