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 Executing Payment Plans (Debit Entry)

Use

Mass activity (transaction VYSPA), which creates payment plan subitems and/or posts subledger documents – or executes debit entries - from payment plan items .

Dependent on the payment plan and payment plan item data for the insurance relationship, for which you execute a debit entry, the open items in question might be single items (if the payment plan item specifies a one-time payment of the total amount) or multiple open items. In the latter case, the open items match the partial amounts or installments (payment plan subitems) that result from the distribution specified by the payment plan key.

Note Note

Special feature when processing insurance relationships with customer-initiated payment form:

In the case of insurance relationships for which collection takes place on a customer-initiated basis, you cannot execute an "actual" debit entry until a payment has actually been received for this contract.

End of the note.

Prerequisites

You have created payment plan and payment plan item data for an insurance relationship.

Procedure

To execute a payment plan from the Collections/Disbursements menu, choose Start of the navigation path Payment Plans Next navigation step Execute Payment Plans End of the navigation path .