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The purpose of the Reversal of Provisional Credit event is to reverse the original credit transactions made to the customers account. The event will debit the customers account for the selected disputes and credit the GL account from which the funds where originally provided.

 

Since most provisional credit reversals need to allow the customers to account for any outstanding fees or debits to their account, the reversals are usually delayed for 5 days after notification of that reversal.  In order to not have to watch for that 5 day windows RegE allows the use of the Release Delay Days feature.  By entering the number of days into this feature the transaction will be held for that number of days after the event is used.  It will still show up on the GL release screen but will be grayed out until the day when the reversal is due.  NOTE** a reminder or next action can also be added to this event to notify the bank to check to make sure the reversal released on the appropriate date.

 

 

 

The configured event is identical to the Provisional Credit event with the exception of the transaction being used. As shown in the example, the transaction will debit the customer and credit the General Ledger.  When the release delay days is used this will happen as expected, just with a number of days delayed.

 

See section under Whats New\ Back Office\ Version 4.48 for rules.