Minimum amount due calculation

Currently, in the cycle closing process, there are three strategies for calculating the minimum amount due (MAD). Select a strategy by using the Pismo Console to set the value of Minimum payment calculation method to 0, 1, or 2:

🚧

Delinquency buckets

When a statement's minimum amount due is not paid, it can result in something called a delinquency bucket. For more information, see Delinquency buckets.

Configuring MAD

You can set the minimum value percentage using transaction categories. One category can apply to any number of transaction types.

Example transaction categories

Example transaction types

Strategy 0 examples

Statement 1

Current balance: $302.00
Previous Balance: $0.00
Total Minimum Per Transaction: $15.10
Minimum Payment: $15.10

Statement 2

Current Balance: $304.00
Previous Balance: $302.00
Total Minimum Per Transaction: $15.20
Minimum Payment: $317.20

Strategy 1 examples

This strategy uses the configured percentages for every due transaction. Calculates the minimum the balance of every due transaction x parametrized value

Minimum payment = SUM(Min per Transaction)

Cycle 1 statement

Current Balance: $302.00
Previous Balance: $0.00
Total Minimum Per Transaction: $15.10
Minimum Payment: $15.10

Cycle 2 statement

Current Balance: $304.00
Previous Balance: $302.00
Total Minimum Per Transaction: $15.20
Minimum Payment: $30.30

Strategy 2 examples

Coming soon.