Account Balance Algorithm Classifier

Added On:  03/17/12 

SQL Table:   

Module:  UniCore 

Type:  Classifier  Status:  Active 

Java Class:  AccountBalanceAlgorithmClassifier 

Enumerates algorithms used by the system to apply payments against outstanding invoices.

Available Values:

AB - AgeBased

Added On:  03/17/12

Status:  Active

The oldest invoice is closed first. The older is the invoice, the higher priority it has.

IF - FirstInvoiceThenFees

Added On:  03/17/12

Status:  Active

First, the oldest outstanding invoice is closed, followed by all of the service fees. If money is still available, subsequent invoices are balanced out.