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Tran Code 0160-00, Refund Credit to Reserve 2 |
  
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Tran Code 0160-00, Refund Credit to Reserve 2
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Tran Code 0160-00, Refund Credit to Reserve 2 |
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Transaction code 160 is similar to transaction code 140, but instead of crediting an amount to the Reserve 1 Balance, this transaction credits an amount to the Reserve 2 balance.
Example: If you received a $20 refund from the insurance company for an overpaid premium, use tran code 160. 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 0160-01, Refund Credit to Reserve 2--Journal, if the credit is from a transmission or automatic deposit. If the credit is for reserve 1 instead, see Tran Code 0140 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. 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 2 Balance displayed on the Loans > Account Information > Reserves > Account Reserve Detail screen > Reserve Payment tab, as shown below:
