Plan Fee Setup

Navigate: ClosedTax > Accounts Receivable > Payment Plans > Plan Fee Setup

Description

Set up the plan fee for the payment plan. Plan fees support recurring fees and effective dating.

You can define both a Startup Fee and a Recurring Fee for selection from the Edit Payment Plan Type screen. Once you have set up your plan fee, maintain the plan type on the Edit Payment Plan Type screen.

Here are examples of how a recurring fee would be applied.

  • Taxpayer makes plan payments according to schedule; recurring maintenance fees accrue and are charged annually when selecting the Annually fee cycle.

  • Taxpayer pays 1st and 2nd plan installment at same time (before 1st plan installment due date), and then makes no payment until just before the 3rd plan installment due date. The 3rd plan installment amount due will include any unpaid and accrued recurring maintenance fees (2 years).

  • Taxpayer makes a huge initial payment and pays off the down payment and 3 of the 4 plan installments, but then pays nothing until the 4th plan installment. The 4th plan installment will include 4 years of recurring maintenance fees.

  • Taxpayer pays all plan installments before the recurring maintenance fee start date – no fee is charged.

Steps

  1. On the Set Up Plan Fee screen, click Add.

    OR

    Click Edit to open an existing fee.

  2. Enter or edit the Fee Code, Fee Description, and Fee Amount.

  3. Click Apply, or click Cancel to close the editor without saving.

  4. Click Save in the Command Item bar.

    • Click Close to end the task.

Common Actions

Payment Plan Setup – Opens the Set Up Payment Plan screen on which you can set up the payment plan.

Update Payment Plans – Opens the Update Payment Plans screen on which you can update the payment plan.

Apply Plan Payments – Opens the Update Payment Planscreen on which you can validate and apply the plan payments.

Plan Fee Setup – Opens Set Up Plan Fee screen on which you can set up plan fees.