Repayment Method

WINDOW OVERVIEW:

The Repayment Method window is used to designate the repayment method for an account receivable.

FIELD DESCRIPTIONS:

Repayment Group Box:

Collection Type: Select a collection type from the options available in the drop down list.

Method: Select a repayment method from the options available in the drop down list.

Frequency: Select the repayment frequency from the options available in the drop down list. Recoupment collection type requires a frequency of PERISS/PMT (per issuance/payment) and cash requires a frequency of ”month”.

Amount: Enter the repayment amount.

--OR--

Percentage: Enter the percentage of the overpayment to be recouped from each payment. Percentage can only be used with Collection type of Recoupment.

ACTION BUTTONS:

	Select the OK button to return to the Detail Accounts Receivable window and save the changes.
	Select the Cancel button to return to the Detail Accounts Receivable window without saving the changes.
	Select the Help button to open window specific Help information.

NFO4244H

(03-2005)