Budget Planning
Handling Account Budget Plans
Using an account budget plan, you can transfer any part of the account balance (minus any insurable amounts) to a fixed revolving loan budget plan. Charges posted to the Patient Transactions or Account Transactions window can be adjusted and transferred to the Account Budget Plan window. This amount is kept as a separate balance.
Each account can have only one budget plan:This plan can be applied to one or all patients in the account. When an account budget plan is set up, however, you cannot transfer any additional portions of the patient or account balance to the budget plan.
In addition to receiving a monthly statement, accounts with budget plans receive a separate budget plan statement:If you do not want accounts with fixed loan budget plans to receive this separate statement, enter a tilde (~) symbol in the User Codes field in the common area of the Account window.
Send budget plan statements in addition to regular monthly statements to update the account's budget plan status.
Budget plan interest charges:Interest charges are added to the account when statements are run.
Statements should be run at least once a month, since this enables the software to handle overpayments.
Any extra payments posted to an account reduce the:
Related Topics
Using Account Budget Plan List Window Options
Selecting Budget Plan Coupon Formats
Transferring Account Balances to a Fixed Loan Budget Plan
Setting Up Account Balances for a Revolving Credit Budget Plan
Posting Account Budget Plan Payments
Setting Up Recurring Credit Card Payments for Account Budget Plans