SA Type - Billing

Fastpath:

For an overview of some of these options, be sure to refer to Billing For Loans And Interest Calculation for more information.

Define the following options:

  • The Bill Segment Type should reference the value created above.
  • Characteristic Premise Required should not be checked. (A loan SA is not a premise-based service. SA types that have this box checked are filtered out of the SA type search when the start method is Start a SA, so users will never be able to start a loan SA that requires a characteristic premise.)
  • Use Calendar Billing must equal Anniversary Future Billing or Use Bill Period.
  • Bill Period is required for the Use Bill Period option.
  • Anniversary Billing Frequency is required for the Anniversary Future Billing option and must equal the periodicity of the bills (monthly, weekly, etc.).
  • Total Bill Amount is required (it holds the principal).
  • Total Amount To Bill Label should reference something like "Loan Amount".
  • Recurring Charge is required (it holds the periodic payment amount).
  • Recurring Chg Amt Label should reference something like "Payment Amount".
  • Recurring Charge Frequency is required (it defines the periodicity associated with the recurring charge amount) and must be the same as the bill period frequency or the anniversary billing frequency (based on your Use Calendar Billing option).