Contract Balance Adjustment Settings

Access

Use this optional routine to enter and maintain additional installment contract adjustment types. Once you establish and activate adjustment codes via this screen, they appear as available adjustment types in the Adjust Contract Balance grid below the standard types for Principal, Interest, and Insurance.

CodeEnter the code of the adjustment type you want to create or edit. The code must be two characters in length and can be alphanumeric. If you click the Search button you access the Read-Only Lookup Window, where you can select from a list of existing adjustment types.

  

DescriptionUse this field to enter or edit the description for this adjustment type. This field is mandatory. Click the Action button to access the Description Field - Language Translation Entry screen.

GL Account No Enter the GL account number to be used when posting this type of adjustment. Click the Action button to access the GL Account Entry Screen.  

Active To activate this adjustment type, check this box. The default when establishing a new code is active. Only active adjustment types appear in the Adjust Contract Balance grid. To deactivate the adjustment type, remove the check from the box.

The delete option is not available on this screen. Deactivating an adjustment type prevents it from appearing in the Adjust Contract Balance grid, but retains the description for any previous activity using this adjustment code.