Legal Status Change

The Legal Status Change transaction is used to change a legal status on the account.

Follow these steps to submit a Legal Status Change transaction:

1. From the Accounting views, select the Legal Status Change transaction from the Select a Non-Monetary Transaction drop down list.  The Legal Status Change dialog is displayed.

2. Select the appropriate Legal Status for the account from the drop down list.

3. Select the Save push-button.  The transaction is submitted to Recovery Accounting.  If the transaction posts successfully the dialog is closed and the originating view is displayed.  If the transaction does not post successfully, the errors are displayed in the Messages dialog.

4. To cancel the transaction, select the Cancel push-button.  When the push-button is selected, the dialog is closed and the originating view is displayed.