Purchase
Positive Impact – Account comes out of Purchase status.
Negative Impact – Account goes into Purchase status.
Month | ABC Amt Collected | Diff from Prev Month | Activity | Activity Date | Activity Note | Report Explanation | Report Classification |
---|---|---|---|---|---|---|---|
May | 25.00 | 0.00 | May invoice collected | There is no difference from April to May in amount collected. Although the account has changed status, there is no difference in collected amount and therefore the account will not reflect on the May Monthly Comparison Report. | None | ||
June | 0.00 | -25.00 | Account Purchased by ABC | 10-Jun | The account has been selected to be purchased by ABC. ABC will now receive all funds on this account. | ABC collected $25.00 less in June than in May. There was no invoice to collect for June. This does not mean the account is expired, only that no monies were collected. Therefore the negative difference of $25.00 will be categorized as PIF on the Monthly Comparison Report. | PURCHASE |
July | 25.00 | 25.00 | Removed from Purchase System | 12-Jly | The outstanding balance has been satisfied as this account has been removed from Purchase System. | There is a positive increase of $25.00 from June to July. This is because the account was reinstated from Purchase. ABC is no longer receiving the funds collected on this account. Therefore the difference of $25.00 will be reflected as PURCHASE on the Monthly Comparison Report. | PURCHASE |