Creating a Financial Component

When the Determine Product Delivery Eligibility batch process is run, Midway Emporium is determined to be liable for insurance contributions in the amount of $100 per month from January 2005 through February 2005. A recurring financial component is created with the following details:

• Nominee = Midway Emporium
• Amount = $100
• Delivery method = Invoice
• Delivery frequency = Monthly in advance
• Category = Liability
• Type = Employer Contribution
• Start Date = January 1
• End Date = February 28
• Expiry Date = Feb 1
• Processing Date: January 1
• Surcharge Adjustment = True