Back payment plan dates, amounts and other information of bank credits are recorded on the back payment plan window accessed by clicking on "New" button.
Back payment plan record consists of two panes. The upper pane of the record is used to record general information regarding the plan definition. The lines located at the bottom of the record are used to specify the back payment method and date. The fields and functions of the record are:
Plan Code: The code of the back payment plan. This field can contain up to 16 alphanumeric characters, and can be sorted and searched.
Alphanumeric characters can be used for coding. The Code field is mandatory.
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Back Payment Days: Back payment days are specified on week days field located at the right pane of the window. All days are checked as default in the application. Back payment dates are calculated according to the days specified here.
The days that should not be processed in back payment date calculations should be unchecked. In this way, only the checked days are processed while the back payment days are calculated and specified on the Day, Month and Year columns. If the back payment date is on an unchecked day, the transaction is postponed to the next day.
When all days are checked, since the payment date calculations processed also Saturdays and Sundays, a due date difference is applied to payments made on Monday.
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Interest On Delay%: Displays the interest rate to be applied to delayed payments. The rate is entered as percentage.
The date of each payment is calculated automatically by adding the Value (number of days) specified on the Day, Month and Year columns of the payment plan to the transaction date. The start date of the value is the Transaction Date. Debt tracking transactions process the payment/collection amounts and dates calculated by processing the formulas provided using parameters and functions in payment/collection plan definitions.
Back Payment Plan Line Info
The back payments dates and conditions are defined by payment plans. Plan definitions can contain as many lines as required. The criteria for each line are defined in columns.
These columns contain the following information:
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Back Payment Day and Month: Displays the day and month for the back payment. When the amount in plan line is paid, the transaction dates are transferred to these fields automatically.