Debtor Level Payment Plans

This feature allows users to attach different payment plan schedules to each debtor attached to an account.

Adding a Debtor Level Payment Plan

From the Summary Tab of a debtor's account,

Click the button in the Payment Plan Section, to display the payment plan screen.

Click the button. Select Debtor Level Plans from the menu

to display the New Payment Plan Screen.

Select the debtor from the list of debtors attached to the account.

Enter the following information on the payment plan:

Enter the amount of the payment.
Enter the Frequency of this payment amount.
Enter the First Date of the payment plan.
Enter the Party Responsible for the DU Action.
Enter a Note to be included on the DU Action.

Click the button.

An automatic action item will be added for each debtor payment plan with a due date of the next scheduled payment.

For example: DU$1 for the primary debtor and DU$2 for the secondary debtor and so on for up to 9 debtors.

Adding a Debtor Level Payment Plan to another Debtor

From the of the account, click the button in the Payment Plan Section.

To display the Payment Plan Screen. This screen will display the first payment plan entered.

Select the debtor correct debtor from the list by clicking on the name. .

Click the button to display the New Payment Plan Screen.

Enter the following payment plan information.

Enter the amount of the payment.
Enter the Frequency of this payment amount.
Enter the First Date of the payment plan.
Enter the Party Responsible for the DU Action.
Enter a Note to be included on the DU Action.

An automatic action item will be added for this debtor's payment plan with a due date of the next scheduled payment.

Click the button.

Adding an Additional Step to a Debtor's Payment Plan

From the of the account, click the button in the Payment Plan Section

to display the Payment Plan Screen. This screen will display the first payment plan entered.

Click the button.

Enter the amount of the payment.
Enter the Frequency of this payment amount.
Enter the First Date of the payment plan.
Enter the Party Responsible for the DU Action.
Enter a Note to be included on the DU Action.

Click the button.

Modifying a Payment Plan

From the of the account, click the button in the Payment Plan Section to display the Payment Plan Screen.

Select the debtor's whose plan should be modified.

The screen will default to the first payment plan entered.

Click the button and make the necessary changes and click the button.

Posting Payments towards Debtor Level Payment Plans

On the tab of a debtors account, enter the PMT Transaction Code

to display the Enter Debtor Payment Screen.

Enter the payment Date, Type, Amount, Method, Check # and Release Date. Users must select the debtor who paid the payment or the debtor whose payment plan should be credited in the Paid By section. If this debtor has a Payment Plan, payment plan advance screen will be displayed.

Click the button if the payment satisfies the current payment due. The payment plan will be advanced to the next month. Click the button if the payment does not satisfy the payment plan. If the payment will satisfy more than one month's payment, change the Due Date and Plan Date to the date the next payment is due and click the button.

If posting a payment to an account that has debtor level payment plans but no Paid By is selected, a confirmation message will be displayed.

Click the button and no payment plan will be advanced.

Click the button and be taken back to the PMT Screen and then select the proper Paid By.