Pay Plan Master
|
|
|
|
|
Select the “Pay Plan Master” activity under the “Common Masters” business component.
The “Payment Plan Details” page appears.
- Clicking this icon available near certain fields takes you to the help page of the respective field.
Enter the following in the “Scheme Details” group box:
|
Pay Plan Code |
The code identifying the pay plan. Mandatory |
|
Description |
The description of the pay plan. Mandatory |
|
Pay Plan Type |
Use the drop-down list box to specify the type of pay plan. The combo is loaded with the values defined for the Pay Plan Type in “Maintain Categories” activity. Mandatory |
Enter the following in the “Payment Plan Details” multiline:
|
Stage/Month/Days |
Use the drop-down list box to specify whether the payment plan is to be defined for stage or month or days. The combo is loaded with options “Stage”, “Month” and “Days”. |
|
Stage Code |
The code identifying the stage. Mandatory when the Stage/Month/Days is selected as “Stage”. |
The system displays the following:
|
Description |
The description of the stage. |
Enter the following in the “Payment Plan Details” multiline:
|
Month/Days |
The number of months required for the pay plan. Mandatory when the Stage/Month/Days is selected as “Month/Days”. |
|
Basis |
Use the drop-down list box to specify the basis for an installment. The combo is loaded with options “%”, “Amount” and “Component”. |
|
Anchor |
Use the drop-down list box to specify the anchor for a milestone. Anchor should be Booking Date when Stage/Month/Days is selected as “Month/Days” |
|
Principal (%) |
The percentage of principal amount. Mandatory when the Basis is selected as “% or Component”. |
|
Interest (%) |
The percentage of interest amount. |
Note : The sum of Principal (%) and Interest (%) should be equal to 100.
|
Amount |
The pay plan amount. Mandatory when the Basis is selected as “Amount”. |
|
Remarks |
Any remarks regarding the pay plan. |
Click the “Save” button to save (create/modify) the pay plan details.
The system displays the following in the “Data History” group box:
|
Created By |
The login ID of the user who created the pay plan details. |
|
Created Date |
The date on which the pay plan details was created. |
|
Last Modified By |
The login ID of the user who modified the pay plan details. |
|
Last Modified Date |
The date on which the pay plan details was last modified. |
