Further Examples

Example 1:

Insurance object 2020 is assigned to contract account 4711. One premium for 1000 EUR and insurance tax of 100 EUR is due on 1/1/2002 . Due to late payment by the policyholder, charges of 11 EUR are now due.

Premiums, insurance tax and charges are mapped using main transactions 6010, 6011 and 5010, and they are to be paid in this order. Partial clearing is not permitted. Clearing only takes place for the charges if the amounts are equal.

1. Clearing Step:

Grouping: VTREF, HVORG. Use grouping rule 2 for the HVORG grouping characteristic. Enter characteristic value 6010 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic value. Also enter characteristic value 5010 in the alternative grouping. Use assignment rule 2; assign group 2 to the characteristic value.

Sorting: FAEDN

Amount rule: 1

2. Clearing Step:

Grouping: VTREF, HVORG. Use grouping rule 2 for the HVORG grouping characteristic. Enter characteristic value 6011 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic value. Also enter characteristic value 5010 in the alternative grouping. Use assignment rule 2; assign group 2 to the characteristic value.

Sorting: FAEDN

Amount rule: 1

3. Clearing Step

Grouping: VTREF, HVORG. Use grouping rule 3 for the HVORG grouping characteristic. Enter characteristic value 5010 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic value.

Sorting: FAEDN

Amount rule: 0

Incoming payments

Incoming payment: 1000 EUR. Result: The premium of 1000 EUR is cleared.

Incoming payment: 1050 EUR. Result: The premium of 1000 EUR is cleared, 50 EUR is posted on account.

Incoming payment: 1100 EUR. Result: Premium and insurance tax are cleared.

Incoming payment 1111 EUR: Result. Premium, insurance tax and charges are cleared.

If you post charges statistically, you can use the Specifications for payment receipt (or Specifications for account maintenance ) to define whether statistical items are to be written off.

Example 2:

Insurance object 2020 is assigned to contract account 4711. Three premiums – one initial premium and two renewal premiums - of 1000 EUR are due on a monthly basis from 01/01/02 . Initial and renewal premiums are mapped using subtransactions 0110 and 0120. The initial premium is cleared if amounts are equal. If the initial premium is not cleared, all items are excluded from clearing in this clearing step, and any others; an incoming payment is then to be posted on account, regardless of the amount.

1. Clearing Step:

Grouping: VTREF, HVORG, TVORG. Use grouping rule 1 for the TVORG grouping characteristic. Enter characteristic value 0110 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic value.

Sorting: FAEDN

Amount rule: 0

2. Clearing Step:

Grouping: VTREF, HVORG, TVORG. Use grouping rule 1 for the TVORG grouping characteristic. Enter characteristic value 0110 in the alternative grouping. Use assignment rule 3; assign group 1 to the characteristic value.

Example 3:

The following insurance objects are assigned to contract account 4711: 2020: Auto insurance; 2021: Annuity; 2022: Loan.

The following items are on insurance object 2020: Receivable from renewal premium: 3000; credit from premium exemption: 4000.

The following item is on insurance object 2021: Credit from recurring annuity: 5000.

The following item is on insurance object 2022: Receivable from interest: 1500.

The premium and premium exemption are mapped using main transactions 6010 and 6020; the annuity is mapped using main transaction 2100, the interest is mapped using main transaction 5040.

You want to clear premiums and premium exemption with one another in the first clearing step; interest and annuity are not to be taken into account.

Premiums, premium exemption and interest are to be cleared with one another in the second clearing step. As the premium has already been cleared against the premium exemption in step 1, only the remaining amount from the premium exemption is cleared against the interest. The annuity is not cleared.

1. Clearing Step:

Grouping: VKONT, HVORG. Use grouping rule 3 for the HVORG grouping characteristic. Enter characteristic values 6010 and 6020 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic values. Also enter characteristic value 2100 in the alternative grouping. Use assignment rule 3; assign group 2 to the characteristic value.

Sorting: FAEDN

Amount rule: space

2. Clearing Step:

Grouping: VKONT, HVORG. Use grouping rule 3 for the HVORG grouping characteristic. Enter characteristic values 6010, 6020 and 5040 in the alternative grouping. Use assignment rule space and assign group 1 to the characteristic values.

Sorting: FAEDN

Amount rule: space

Result of automatic clearing:

Premium and premium exemption are completely cleared, the interest is partially cleared with the remaining amount from the premium exemption, 1000 EUR from the first clearing step.