The Payment Post Override transaction is used to post a payment to various buckets without using the payment posting priorities that are defined on the Type Control table. The Payment Post Override transaction is selected from the Select a Monetary Transaction drop down list and the Payment Post Override dialog is displayed. The appropriate information is specified and the Save push-button is selected. The selection of the Save push-button initiates the transaction to be submitted to Recovery Accounting. If the transaction posts successfully a history record is written, the General Ledger is updated, accruals are brought current to the current processing day, the transaction is written to the appropriate reports, 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.
Follow these steps to submit a Payment Post Override transaction:
Select the Payment Post Override transaction from the Select a Monetary Transaction drop down list. The Payment Post Override dialog is displayed.
Specify the Transaction Amount in the corresponding field.
Indicate the date the transaction is/was effective using the Effective Date field (may not be in the future). The date may be entered in the appropriate format or selected using the calendar widget. If a date is not specified it defaults to the current processing date.
Select the Transaction Source from the drop down list.
Specify a free-form Description in the corresponding field.
Select the customer who is making the payment from the Payment Source drop down list.
If the account is placed with a third party, select the Third Party associated with the monetary transaction from the corresponding drop down list.
If the account is placed with a third party, indicate the Commission Amount the third party is owed based on the transaction amount and the commission rate that is in effect.
If the account is placed with a third party, indicate whether the commission amount specified has been withheld in funds by the third party using the Withheld by Third Party drop down list.
Indicate the amount of the payment to be allocated to principal using the Principal Payment (Amount) field.
Indicate the amount of the payment to be allocated to interest using the Interest Payment (Amount) field.
Select the cost, using the Reference drop down list, to which part of the payment amount is to be allocated. Only costs established on the account appear in the drop down list.
Indicate the amount of the payment to be allocated to the cost, selected in step 13, using the corresponding Amount field.
Repeat steps 13 and 14 for as many costs as needed.
Select the Save push-button. The transaction is submitted to Recovery Accounting. If the transaction posts successfully, the Payment Post Override dialog is closed and the originating view is displayed. If the transaction does not post successfully, the errors are displayed in the Messages dialog.
To cancel the Payment Post Override transaction, select the Cancel push-button. When this push-button is selected the Payment Post Override dialog is closed and the originating view is displayed.