Line of Credit Advance Reversal
Overview of IL804
Once a cash receipt is accessible through Payment Processing, it is available to use in the application of an advance reversal. Enabling access to the payment through Payment Processing requires that your organization first set it up as part of a payment batch in Cash Processing Stage 1.
- From the DDI Connect main menu, double-click Financial Services
- Double-click Data Processing
- Double-click Payment Processing. You will see this screen:
Locate the batch that you wish to work with and click on it. The detail area of the screen will now list the items waiting to be processed:
Double-click the item you wish to process. This will activate the Transactions tab:
Double-click the Line of Credit Transactions menu item. The sub-menu will appear:
Double-click Line of Credit Advance Reversal. This screen will now appear:
In the Line # field, type the line number and click Find, or click the list icon to select from a list of lines of credit in the system. The screen will populate with the information:
If there are multiple transactions available for reversal, click the one that you are reversing. The fields on the screen will populate with the information.
The following fields are available on this screen:
| Field | Description |
|---|---|
| Last advance | Date of the most recent line-of-credit advance |
| Credit available | Unadvanced portion of the credit limit, net of any payments made against the line of credit |
| Credit limit | The maximum net dollar amount to be advanced to the borrower under this line of credit |
| Reversal amount | The dollar amount to be reversed based on the selected payment receipt |
| Credit balance | The credit limit minus the credit available |
| Interest due | The current interest balance for the selected line of credit |
Click Save. You will see this message:
Click OK. You will be returned to the Payment Processing screen.
