Referral to Collection Agency Accounting

Accounting lines on the CL transaction are protected from user entry and are generated by the Auto Apply Action, with the exception that the reference type can be set by the user. Fields in this tab include event type, amount owed, description of obligation, referenced transaction information, and various additional chart of accounts information. These fields are either populated by Auto Apply or inferred from the referenced transaction line. The majority of fields on the CL Accounting line are common to accounting transactions and can be reviewed in the Transactions User Guide. A small number of fields are unique to receivable transactions.

The Central Statement Billing Profile field, when populated, indicates that the transaction is associated with a central statement. On a new line, the value comes from the referenced line’s Central Statement Billing Profile field. On a cancellation transaction, the value is carried over from the final version.

Debt ID – A Referral to Collection Agency transaction can indicate the Bond or Loan proceeds on which revenue has been billed but not collected. The transaction can also be used to record an overdue bill for repayment of a loan given or lease to a customer. For the second scenario, Schedule Number and Schedule Line are also recorded for informational purposes. Please see the Debt Management User Guide for more information on the rules for Debt ID usage and requirements.