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tax_claim:paymentplanform [2017/05/12 20:03 UTC] – [Add Payment Plan] bruce | tax_claim:paymentplanform [2017/06/08 19:02 UTC] (current) – [Changing Payment Plan Status] mike | ||
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====== Add Payment Plan ====== | ====== Add Payment Plan ====== | ||
- | Add Payment Plan starts | + | <WRAP round 40% right box> |
- | Origin Date - Today' | + | === Quick Reference === |
- | Start Date - First day of the next month\\ | + | Follow these steps to enter a payment plan: |
- | Payment | + | - Click [Pmt Plan] button on Property form |
- | Status | + | - Click [Add Payment |
- | End Date - Last day of the 12th month\\ | + | - Check box by year to include |
- | A Current Balance List by year with interest calculated | + | - Enter the //Deposit Amount// and adjust other defaults |
- | Amount Due: Sum of the checked balances in Current Balance List or manually entered amount.\\ | + | - Click [Add Installments] button |
- | Deposit Amount: $0.00\\ | + | |
- | Balance Due - Amount Due - Deposit Amount\\ | + | - Click [Print |
- | Installment Amt - Balance Due / Payment | + | - Close the Payment Plan form |
+ | - Click [Rec. Pmt.] and add a receipt for the deposit amount, if needed | ||
- | Once you have created a Payment Plan with these defaults you may change the Origin Date, Start Date, Payment Count, Amount Due and Deposit Amount. | + | <wrap important> |
- | ====== Add Installments | + | </ |
+ | |||
+ | Add Payment Plan starts a new payment plan and fills in the following default information: | ||
+ | |||
+ | * Origin Date: Today' | ||
+ | * Start Date: First day of the next month | ||
+ | * Payment Count (Pmt Cnt): 12 | ||
+ | * Status: Active | ||
+ | * End Date: Last day of the 12th month | ||
+ | * A Current Balance List by year with interest calculated to the End Date. Balances for claims prior to the current year are checked for inclusion in the payment plan. | ||
+ | * Amount Due: Sum of the checked balances in Current Balance List. | ||
+ | * Deposit Amount: $0.00 | ||
+ | * Balance Due: Amount Due - Deposit Amount | ||
+ | * Installment Amt: Balance Due / Payment Count | ||
+ | |||
+ | Once you have created a Payment Plan with these defaults you may change the Origin Date, Start Date, Payment Count, Amount Due and Deposit Amount. | ||
+ | |||
+ | Checking the Stay box is an alternative to entering the Payment Count that forces the program to conform to the requirements of a Stay of Sale agreement. | ||
+ | |||
+ | ===== Deposits ===== | ||
+ | |||
+ | A Deposit Amount can be entered here so that it will be made part of the calculation of the Installment Amount and appear on the Printable Payment Plan described below. | ||
+ | |||
+ | ===== Add Installments ===== | ||
This button will add an installment record for each month starting with month and year specified in the Start Date according to the number entered in the Payment Count. | This button will add an installment record for each month starting with month and year specified in the Start Date according to the number entered in the Payment Count. | ||
- | ====== Create Flags ====== | + | ===== Create Flags ===== |
The Create Flags button will create a Stay of Sale flag for each tax claim year that has been selected in the Current Payment List to be part of this payment plan. | The Create Flags button will create a Stay of Sale flag for each tax claim year that has been selected in the Current Payment List to be part of this payment plan. | ||
- | ====== Print Payment Plan ====== | + | ===== Print Payment Plan ===== |
This button creates a printable version of the payment plan including all payment amounts and dates. | This button creates a printable version of the payment plan including all payment amounts and dates. | ||
- | ====== Create Receipt | + | ===== Create Receipt ===== |
When a tax payer brings in a payment the entering of the receipt should begin here in order to maintain a history of whether the tax payer has conformed to the terms of the payment plan. Enter the date the payment was received and the payment amount on the line corresponding to the payment being satisfied then click the Create Receipt button. | When a tax payer brings in a payment the entering of the receipt should begin here in order to maintain a history of whether the tax payer has conformed to the terms of the payment plan. Enter the date the payment was received and the payment amount on the line corresponding to the payment being satisfied then click the Create Receipt button. | ||
+ | Recording payments on this form is important because the program uses this information to generate Payment Plan Reminder letters for tax payers who have missed payments. | ||
- | + | ===== Changing Payment Plan Status ===== | |
+ | At some point you will need to change the Status of the Payment Plan. If the tax payer successfully finishes the payments you should change the status to Completed. |