This configuration is typically used for retail collections. Consumer debt collections for doctors, hospitals, bank cards, and retail establishments usually are set to Type 1 or Multi Claim Accounting.
With this accounting method, cost funds will be retained as Multi-Account funds, meaning there is one pool of funds allotted for costs for all claims under this client. Remittance will consist of Multi Claim Invoices, where an invoice sent to a client will reflect transactions made on all claims under this client as opposed to a separate invoice on a claim by claim basis and Multi Claim Reports including all claims on the remittance reports.