The following financial instruction line items can be applied to a liability instruction.
ILIs |
Description |
Applied as a Result of Process |
|---|---|---|
Allocated Payment Received ILI |
All or part of a payment received can be applied toward the entire liability instruction or towards individual liability instruction line items. | Allocate Payment Received Process |
| Overallocation ILI | When overallocation is enabled on a liability, it is possible to allocate a payment received amount that is over the amount due on the liability instruction. The liability reconciliation process will reconcile the amount received against the original amount billed. | Allocate Payment Received Process |
Write-Off ILI |
A liability instruction can be written off in full or else all or part of individual liability instruction line items can be written off. Any written off amount will reduce the amount owed on a bill. |
Write-Off Liability Process |
Reversal ILI |
A liability instruction can be reversed in full or else all or part of individual liability instruction line items can be reversed. Any reversed amount will reduce the amount owed on a bill. | Reverse Liability Process |
Reverse Allocation ILI |
When allocations have been made towards a liability and that liability is reversed, reverse allocation instruction line items are created. These instruction line items will make the allocation amount available to be applied towards future liabilities. |
Reverse Liability Process |