Renewal
Positive Impact - If an account has skipped a month prior to renewing & first due on renewal is in current month.
Month | ABC Amt Collected | Diff from Prev Month | Activity | Activity Date | Activity Note | Report Explanation | Report Classification |
---|---|---|---|---|---|---|---|
Jan | 0.00 | 0.00 |
Agreement Renewed |
20-Jan |
Original Agreement expired in November. No December or January payment collected. Member renewed 1/20. Account was entered on 1/23. First due date with ABC is 2/20. | There is no difference in collection from December to January because the account was inactive in December. Because there is not a difference in the collected amount the account will not reflect on the January Monthly Comparison Report. The entry of the agreement will be reflected on the New Account Analysis. | None |
Feb | 25.00 | 25.00 | Collected first month's due on renewal agreement. | ABC collected $25.00 more in February than in January. The increase is because the account has been renewed in the system and February was the first due. The positive $25.00 difference will be categorized as NEW on the Monthly Comparison Report. | RENEW |