Pay Ahead
Pay Ahead - Current: Positive Impact - If the current month’s collection is inflated by the member paying early for future months.
Pay Ahead - Previous: Negative Impact - If the current month’s collection is decreased because the previous month was inflated by the member paying early for future months so less is due in current month.
Pay Ahead - Before: Positive Impact - If an account collects less in the previous month because an overpayment was made prior to the previous month.
Month | ABC Amt Collected | Diff from Prev Month | Activity | Activity Date | Activity Note | Report Explanation | Report Classification |
---|---|---|---|---|---|---|---|
Jan | 25.00 | 0.00 | January invoice collected | There is no difference from December to January in the collected amount, therefore the account will not reflect on the January Monthly Comparison Report. | None | ||
Feb | 50.00 | 25.00 | Paid for Feb & March Invoices | 20-Feb | Paid Ahead for February and March | ABC collected 25.00 more in February than in January. This is because the member paid for the March invoice early. Therefore the positive difference of $25.00 will be categorized as PAY AHEAD CURRENT on the Monthly Comparison Report. | PAY AHEAD CURRENT |
Mar | 0.00 | -50.00 | No payment was due per paid the March invoice in February. | ABC collected $50.00 less in March than in April. This is because no invoice was due in March per the member paid early in February. Therefore the negative difference of $50.00 will be categorized as a PAY AHEAD PREVIOUS on the Monthly Comparison Report. | PAY AHEAD PREVIOUS | ||
Apr | 25.00 | 25.00 | Paid the scheduled April Invoice | 20-Apr | April invoice is collected | ABC collected $25.00 more in April than in March. This is because the member had nothing due in March per the invoice had been paid early in February. Therefore the positive difference of $25.00 will be categorized as a PAY AHEAD BEFORE on the Monthly Comparison Report.. | PAY AHEAD BEFORE |