The Final Charge Down transaction in the Select a Non-Monetary Transaction drop down list changes the Charge-Off/Down indicator on an account to Final Charge-Down Non Monetary and updates the date of last Charge-Down. The transaction is only available if the Charge-Off/Down indicator is Partial Charge-Off. The user selects the transaction from the drop down list, the Final Charge-Down dialog is displayed and the user selects the Save push-button.
The selection of the Save push-button is used to submit a Final Charge-Down (35095M) transaction to Recovery Accounting. If the transaction is successful, an Update Charge-Off/Down Indicator (35094) is posted to history, the dialog is closed, and the user is returned to the originating view. If the transaction does not successfully post the errors are returned to the CACS Enterprise Browser and displayed in the Messages dialog.
The user may terminate the Final Charge-Down request by selecting the Cancel push-button.