Budget Planning > Handling Account Budget Plans > Setting Up Account Balances for a Revolving Credit Budget Plan
To transfer an account balance to a revolving credit budget plan:
Select an option:
Select List > Account.
Select Account List Window in the Power Bar. See Using the Power Bar for more information.
From any window, press Ctrl + A.
The Account list window is displayed in FIND mode.
Click anywhere in the list area or press Enter to switch to SCAN mode.
Select the account and select Z Transfer to BP from the Options section of the Express bar or Options menu. The Account Payments window is displayed in Budget Plan Transfer Mode. The outstanding balance for each patient assigned to the account is displayed.
Select an option:
To transfer a specific amount of the balance to the budget plan:
The distribution amount cannot exceed the adjusted balance amount.
If the transferred amount exceeds the default credit line limit of $500:
A message that asks you whether to open a revolving account budget plan is displayed.
Click Yes to apply a revolving credit budget plan to the account. The Account Budget Plan List window is displayed.
Select Terms from the Options section of the Express bar or Options menu. The REVOLVING LOAN TERMS window is displayed. The transferred payment amount is displayed in the Credit Line, Loan Amount, and Loan Payoff fields. The default value in the Defer interest charges until field is the first day of the next calendar month. The loan amount divided by twelve months is the default value of the Payment Due and Regular Monthly fields. The default value in the Interest Rate field is 0.
If you are an existing user, default values may be displayed in the Credit Line and Interest Rate fields. The credit line and interest rate information for any loans that were previously attached to the account are displayed as the default values even if the loan has been deleted.
Type the annual interest rate in the Interest Rate _ % APR field.
Type the number of loan payments in the Payment Due = 1/ field. For example, type 12 in the field to bill the account guarantor one-twelfth of the balance each month. The loan will be paid off in 12 months or a year.
To send a statement for the remaining balance when the balance is less than a specific amount, type the amount in the Bill full balance when below field.
To defer any interest charges on the unpaid balance until a specific date, select the date from the Defer interest charges until calendar.
Click OK. The current payment due and monthly payment amount is calculated and displayed in the Payment Due and Regular Monthly fields located at the bottom of the Account Budget Plan List window. The amount required to pay off the budget plan is displayed in the Loan Payoff field. The loan payoff amount increases when interest charges are applied and decreases when payments are posted to the budget plan.
To print the federally mandated statement specifying the loan details for the account guarantor’s signature, select Interest Disclosure Statement from the Options section of the Express bar or Options menu. A message that asks you to confirm your request is displayed. Click Yes. The Output Options window is displayed. Select the appropriate option and click OK.
You must print this form before you can exit the Account Budget Plan window. If the patient pays off the balance and receives a new loan, you only need to reprint the interest disclosure form if the interest rates have changed.
Click Close twice.