Conga Product Documentation

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Wallet Drawdown

Wallet drawdown is created when any transaction is done using wallet. It contains look-up to the Asset line Item and the Billing Schedules for which the wallet is used.



Field

Description

Amount

Amount consumed from the wallet

Asset Line Item

Asset Line Item links the drawdown to the asset line item that consumes from the wallet.

Backout

Flag to indicate if the drawdown is backed out due to ABO actions

Billing Schedule

Lookup to corresponding Billing Schedule

Wallet

Lookup to corresponding wallet Asset Line Item

Tip: Informational Billing Schedules do not create wallet drawdowns.

Amount field shows the amount consumed from the wallet. The drawdown amount is calculated as follows:

  • The fee amount of the billing schedule is equal to the available balance of the wallet

If the fee amount of the billing schedule is equal to the available balance of the wallet, the drawdown amount is set as the Fee Amount of the Billing Schedule. The available balance of the wallet is set to $0 and the next billing schedule is processed.

  • The fee amount of the billing schedule is less than the available balance of the wallet

If the fee amount of the billing schedule is less than the available balance of the wallet, the drawdown amount is set as the Fee Amount of the Billing Schedule. The available balance of the wallet is updated after deducting the Fee amount and the next billing schedule is processed.

  • The fee amount of the billing schedule is more than the available balance of the wallet

If the fee amount of the billing schedule is more than the available balance of the wallet, the drawdown amount is set as the available balance of the wallet. The available balance of the wallet is set to $0 and the billing system checks for the next wallet.