Difference between revisions of "Re-depositing an Investment"

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[[File:Redeposit 3.png]]
 
[[File:Redeposit 3.png]]
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Double-click Investment Transactions, and then double-click Investment Redeposit:
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[[File:Redeposit 4.png]]
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This will launch the investment redeposit screen:
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[[File:Redeposit 5.png]]
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In the Inv # field, type the investment number that you are redepositing to. You can also either click the list icon to display a list of investments in the system or click the binoculars to search for the investment. Once you have entered the investment number, press enter or click Find. The investment information will populate:
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[[File:Redeposit 6.png]]
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You have the following fields available to you:
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{| class="wikitable"
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|-
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! '''Field''' !! '''Description'''
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|-
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| '''Redeposit Date''' || The system will default the redeposit date to be the business date. However, you can override that by typing the date in a mm/dd/yyyy format
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|-
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| '''Principal Redeposit''' || Example
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|-
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| '''Interest Redeposit''' || Example
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|-
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| '''Penalty Redeposit''' || Example
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|-
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| '''Withholding Redeposit''' || Example
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|}
  
  

Revision as of 18:01, 27 March 2012

Overview of IL215

Occasionally you may make a withdrawal from the wrong investment. This could occur, for example, if you were to inadvertently transpose two numbers in the investment ID. When an incorrect withdrawal occurs, if you are unable to utilize the Financial Transaction Erase process, you can use a redeposit and subsequent payout from the correct investment to reverse the error. This procedure describes the process of re-depositing a cash receipt to the appropriate investment.

Step 1: Create a Cash Receipt batch in Stage 1 for the amount that you wish to redeposit to the investment


Step 2: Use Payment Processing to process the re-deposit


  • From the DDI Connect main menu, double-click Financial Services
  • Double-click Data Processing
  • Double-click Payment Processing. You will see a screen similar to this one:


Redeposit 1.png


Locate the batch containing the item that you wish to redeposit:


Redeposit 2.png


Double-click the item. This will activate the distribution tab:


Redeposit 3.png


Double-click Investment Transactions, and then double-click Investment Redeposit:


Redeposit 4.png


This will launch the investment redeposit screen:


Redeposit 5.png


In the Inv # field, type the investment number that you are redepositing to. You can also either click the list icon to display a list of investments in the system or click the binoculars to search for the investment. Once you have entered the investment number, press enter or click Find. The investment information will populate:


Redeposit 6.png


You have the following fields available to you:


Field Description
Redeposit Date The system will default the redeposit date to be the business date. However, you can override that by typing the date in a mm/dd/yyyy format
Principal Redeposit Example
Interest Redeposit Example
Penalty Redeposit Example
Withholding Redeposit Example
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