Clear Option (FINA191 - SIGAFIN)

This option is used to control update of bank balances from the clearing of the checks collected when the write-off of bills has been made by check.

Note that for this treatment the parameter MV_SLDBXCR can be configured with the following content:

• C - moves bank balances only after executing the check clearing routine;
• B - moves bank balances after confirming write-off.

The standard accounting entry for this operation is 559. The variable AMOUNT is available with the total amount, as the same check may have been used for the collection of several bills.

Application:

1. In the Configurator environment, change the content of the parameter MV_SLDBXCR to C.

2. In the Financial environment, write-off a bill by registering two checks on 01/20/04 (the amount of the checks does not necessarily have to be the bill amount, as the balance will be regarded as cash).

Then, only the part relating to cash moves the bank balance.

3. In Checks Collected, select Clear and clear both checks. In this example, clearing was effected on 01/20/04.

4. Both checks will be displayed in the Bank Statement as cleared on 01/20/04.

Procedures

To clear collected checks: 

1. In the Checks Collected maintenance window, select the check desired and then, the Clear option.

The system displays the collected checks clearing window with information about the bank, branch, account and clearing date.

2. Check the information and confirm.

3. Note that the check will be highlighted in red , ,  which means it was cleared.