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Tran Code 0140, Refund Credit to Reserve 1 |
  
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Navigation: Teller System > Transactions > Loan Transactions > Loan Transaction Codes >
Tran Code 0140, Refund Credit to Reserve 1
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Tran Code 0140, Refund Credit to Reserve 1 |
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Transaction code 140 allows you to credit funds to reserve account 1 identifying the reason for the refund by using the disbursement type code (see the Type field on the Loans Account Information > Reserves > Account Reserve Detail screen > Reserve Disbursements tab).
Example: If you received a $25 refund from the insurance company for an overpaid premium, use tran code 140. The teller screen has a field for the disbursement code, as shown below. If you entered "20" (Fire Insurance Paid from Reserve) in this field, the history will display "Reserve refund - 20 fire insurance." This works better than using a Field Credit (tran code 510) because it explains the reason for the refund.
Note: Use this transaction if the credit is from cash or check. Use tran code 0140-01, Refund Credit to Reserve 1--Journal, if the credit is from a transmission or automatic deposit. If the credit is for reserve 2 instead, see Tran Code 0160 instead.
See the following example of this transaction in CIM GOLDTeller:
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Consider making the Disbursement Code field on the transaction a drop-down list. The Disbursement Code is used for the Disbursement Type (RDATYP). For more information on how to create drop-down lists in CIM GOLDTeller, see the View/Modify Droplists in the CIM GOLDTeller User's Guide. |
Once this transaction is processed, the system adds the transaction amount to the Reserve 1 Balance displayed on the Loans > Account Information > Reserves > Account Reserve Detail screen > Reserve Payment tab, as shown below:
