Setting Up Collection Class Overdue Rules
Collection class overdue rules contain algorithms that impact accounts associated with a given collection class, division and currency code are managed. Open
to set up collection class overdue rules.Recommendation. Before using this transaction, we strongly recommend that you review Different Overdue Rules For Different Customers.
Description of Page
Enter the Collection Class, CIS Division and Currency Code to which the rules apply.
The Algorithms grid contains algorithms that control important functions. You must define the following for each algorithm:
- Specify the algorithm's System Event (see the following table for a description of all possible events).
- Specify the Algorithm to be executed when the System Event
executes. Set the Sequence to 10 unless you have a System
Event that has multiple Algorithms. In this case, you
need to tell the system the Sequence in which they should
execute.
The following table describes each System Event.
System Event |
Optional / Required |
Description |
Bill-Based Payment Arrangement |
Optional - only specified if your implementation uses bill-oriented payment arrangements |
This algorithm is executed to handle the creation, breaking and canceling of a Bill-Oriented Payment Arrangements. |
Overdue Monitor Rule |
Required |
This algorithm is invoked by the Overdue Monitor to analyze an account's debt. Refer to How Does The Overdue Monitor Work for the details. If you have multiple rules (and therefore multiple algorithms), please take care when assigning the sequence number, as the Overdue Monitor will invoke these rules in sequence order. |
Write Off Bill |
Option - only specified if your implementation writes-off bills |
This algorithm is executed to handle the write-off and write-off reversal of a bill. Refer to Writing Off Bills. |