Processing a Receivable - Protest Resolved
Process
This job aid describes steps to process a receivable - protest resolved (RE).
Establishing Interest Bearing Installment Billings
Once an offline amortization schedule has been prepared and the installment amounts, applicable interest, and due dates have been established, each installment is entered as a RE transaction. If there are 10 installments, for example, 10 RE transactions are created.
When one RE transaction has been created, use the Copy Transaction feature to minimize repetitive data entry and quickly create the remaining RE transactions.
1. Enter RE in the Global Search field
2. In the Transaction Catalog locate the Receivable Transaction
Enter Transaction ID or Code, Department and Unit
Select Search
Select ID link
3. Select Edit
4. In the Billing/Collection Information tab in the Vendor section
Expand the show more caret
Set Legal Action to no
Verify the Suppress Invoice Billing dropdown is set to no
Verify the Suppress Auto Fin Charge dropdown is set to no
Select Save
5. In the General Information tab in the Accounting section
Use the drop-down list in the Reason field and select the appropriate Adjustment Reason code
Select Save
6. Select Validate and Submit
