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  13. Update a portfolio remittance...

Update a portfolio remittance proposal

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Prerequisites
A proposal which contains errors cannot be updated. If there are errors in a proposal, an asterisk (*) will be shown on the initial panel next to the proposal number.

  1. Select the Work with A/R portfolio remittance menu item.
  2. On the A/R portfolio proposal – overview panel, select the proposal you want to update.
  3. You access A/R portfolio proposal – activities. Tick Update proposal and click OK.
  4. You access A/R portfolio proposal – update. The following fields are relevant:
    5. Accounting period
    Voucher date
    The system proposes the actual accounting period and date.
    Voucher type
    Enter a voucher type that is valid for the routine BREM. The voucher type controls the voucher numbering.
    Document types
    This field is shown if a portfolio proposal is defined with YES for automatic settlement. Enter the document type you want to use for the payment transaction. The document type you use must be defined with data type 2.
    Remittance type
    To remit the documents for encashment, enter 1. To remit them for discounting, enter 2.

    Click OK to submit. The system will inform you when the system has updated the proposal.

    What happens at update?
    This depends on the following parameters of the portfolio type:

    Portfolio accounting
    YES G/L postings are created.
    NO No G/L postings are created.
    Consolidated payment
    YES The portfolio documents will receive status 2 (payment confirmed) upon update.
    NO The portfolio documents will receive status 1 (remitted to bank) upon update. Payment confirmation will be a separate step.
    Automatic settlement
    YES A payment transaction, to the A/R, will automatically be created at confirmation. The portfolio documents will receive status 3, paid, upon update.
    NO You must settle the document in the manual entry routine for A/R.
    Consolidated closing
    YES The portfolio documents will receive status 3 (closed) upon update.
    NO The status of the portfolio documents will depend on the Consolidated payment parameter. Closing will be performed via a separate menu item, Close A/R portfolio. (See Close a bill by expiration.)

    One remittance letter to each bank in the proposal will also be printed. Exit the routine.

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