Miscellaneous Billing Info [U0227]

This update works in conjunction with Pre-Authorized Payments and with Application Tracking [U0801], both separate optional modules of LeasePak. This update will allow the user to quickly modify the basic PAP account information and miscellaneous billing information for a lease without affecting various other fields required for PAP/ACH customization or other lease calculations.

The user will be able to update the PAP Institution ID, PAP Account Number and the Effective Date for a given lease number. The change will only affect the PAP information for the given lease number as well as update the RLS and RLSA tables. The PAP information can also be modified for the lease in the Master Financial [U0202] update.

The Lessee [U0203] PAP/ACH Account information will remain the same, unless permanently modified in the Lessee [U0203] update.

Selecting an

 

This screen allows the user to enter the lease number that is to be modified. Enter the Lease number and select Change to modify the PAP/ACH information. Use the button to access the LeasePak Client Search function for a list of valid lessees and their respective leases.

 

This screen is used to change the PAP/ACH Account information for the lease number entered.

Field Descriptions

Lease Number

Displays the lease number.

Lessee Name

Displays the name of the Lessee.

PAP

Use to select from the list:

• No - Disables PAP for the lease, except for ad hoc PAP.
• Yes - Enables PAP for the lease.
• 1 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'Y', regardless of the actual portfolio setting.
• 2 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'N', regardless of the actual portfolio setting.
• 3 - Processes the PAP for the lease as though the portfolio-level field PAP/ACH Current Payment Only was set to 'O', regardless of the actual portfolio setting.

Eff Date

If needed, change the PAP Effective Date for the lease. This does not affect ad hoc PAP.

Account

If needed, change the PAP account number for the lease. Must be filled in for ad hoc PAP.

Inst ID

If needed, change the institution identification number for the lease. Must be filled in for ad hoc PAP.

Act. Name

If needed, change the PAP account name for the lease. If you are using WDE format, this name will appear in place of the Lessee name on both the interactive and End of Period Preauthorized Payments. Otherwise, this field is informational only.

Ad Hoc ACH Amount

To use Ad Hoc ACH, the lease's portfolio must have a bank file layout type of 'ACH', 'BM1', 'RB1', or 'TD1'. PAP can be set to 'No' for the lease, but the Account and Inst ID fields must be filled in. Type an amount for the Ad Hoc ACH and an effective date. Once you have saved the ad hoc request, Preauthorized Payments (either the interactive [U0304] or the End of Period [U0425] module) will process the ad hoc request like a normal PAP request.

If you schedule an ad hoc request to run on the same date as the lease's normally scheduled PAP, the ad hoc request will override the lease's normal PAP for that date. For batch payments, if no open invoices exist after processing the payment from an ad hoc PAP, Batch Payments will process any additional payments according to your LeasePak overpayment settings.

Ad Hoc Eff Date

Required for Ad Hoc ACH. Type in any valid date from the Commencement Date to the Maturity Date of the lease.

Invoice Format Code

The Invoice Format Code/format description. LeasePak prints the code and description to Cycle Invoices [U0302] invoice scratch file and to Lease Inquiry [R0905]. Set up Invoice Format Codes using the code category INVOICE FORMAT CODE (INVO.FMT) in Custom Code [U0722]. For applications, you can access this field in Application [U0801] Tab 7.

 

This screen verifies that the PAP and miscellaneous billing information has been saved.

 

LeasePak  Documentation Suite

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