Record Redemption_Sale Details

Record Redemption/ Sale Details

This page allows you to record the redemption/ sale details related to mutual funds/ shares.

Select the “Record Redemption / Sale Details” activity under the “Investment Transactions” business component.

The “Record Redemption / Sale Details” page appears.

Note: Clicking this icon available near certain fields takes you to the help page of the respective field.

Enter the following fields:

Redemption/ Sale No.	A unique number identifying the redemption/ sale details would get generated depending on the numbering type selected.
Description	The description of the redemption/ sale number to be captured here. (Alphanumeric, 40)
Status	The status of the document would get displayed here.
Nature	The nature of the investment i.e. whether mutual fund or share to be selected here.
Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Record Redemption/ Sale Details” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.

Enter the following details in the “Receipt Information” group box:

Remitter	The name of the person or organization from whom the payment is received (Alphanumeric, 60). Mandatory.
Receipt Date	The date on which the receipt has been created (Date Format). Mandatory. This date must not be later than the system date and must fall within an open financial year. The system date will be displayed by default.
Finance Book	Use the drop-down list box to select the code identifying the finance book in which the posting is to be made. All the finance books that have been mapped to the login organization unit - login user will be available for selection in the ascending order if postings can be made in multiple finance books otherwise the finance book set as default will be loaded. If postings must be made in a single finance book, the book that has been set as default will be displayed.
Currency	Use the drop-down list box to select the code identifying the currency in which the payment has been received. All the currency codes that have been mapped to the company will be available for selection in the ascending order. The system displays the base currency of the login company by default at the launch of the page.
Exchange Rate	The number of units of the base currency with respect to the currency in which the payment has been received, if they are different (Decimal). Mandatory. The exchange rate must have been defined in the “Create Exchange Rate” activity of the “Exchange Rate” business component. The exchange rate must be greater than zero. If the receipt currency is the same as the base currency of the company the system displays “1” (one) by default on launch of the page.
Receipt Amount	The amount of the sundry receipt (Decimal). Mandatory. The amount must be greater than zero.
Receipt Method	Use the drop-down list box to select the receipt method that has been defined as a quick code. All the receipt methods that have been defined for the company will be available for selection.
Receipt Route	Use the drop-down list box to select the way in which the payment has been received. You can select from “Bank”, “Cash”. The system displays “Bank” by default.
Receipt Mode	Use the drop-down list box to select the mode in which the receipt was received. You can select from “Check”, “Demand Draft”, “Pay Order”, “Direct Debit” or "Others". The system displays “Check” by default.
Bank Cash/ Code	Use the drop-down list box to select the code identifying the bank and cash accounts. All the bank codes that have been defined in the “Create Bank / Cash Details” activity of the “Bank / Cash Definition” business component and that have been set to receive sundry receipts will be available for selection in the ascending order.
Description	The description of the bank code gets displayed here.
Remarks	Any remarks related to the receipt can be captured here. (Alphanumeric, 250).
Sundry Receipt No.	The sundry receipt number getting generated would get displayed here.
Receipt Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Sundry Receipt” transaction type. The numbering types must have already been defined in the “Create Numbering Class” activity of the “Document Numbering Class” business component and must be in “Active” status. The system displays the numbering type set as default for the transaction in the “Document Numbering Class” business component.

Enter the following fields in the “Instrument Details” group box:

Instrument No.	The number identifying the instrument (Alphanumeric, 30).
MICR No.	Indicates the Magnetic Instrument Clearing Number available on the check, demand draft or pay order (Alphanumeric, 30).
Instrument Amount	The amount of the instrument (Decimal). This amount must be greater than zero. This amount must be greater than or equal to the receipt amount.
Instrument Date	The date on which the instrument was raised (Date Format).
Bank Name	The code identifying the bank that has issued the instrument (Alphanumeric, 32).
Instrument Type	Use the drop down list box to select the Instrument type for the Receipt Mode - Check. "At par", "Local", and "Outstation" will be available for selection in the drop-down list box. Blank will be defaulted on launch of the page.

Enter the following fields in the “Mutual Fund Information” group box:

Fund ID	The fund id from which the units are getting redeemed or sold to be mentioned here.
Fund ID Description	The description of the fund id would get displayed here.
Share ID	The share id getting redeemed or sold to be mentioned here.
Share ID Description	The description of the share id would get displayed here.
Fund House	The fund house to which the fund ID belongs would get displayed here.
Scheme Name	The scheme to which the fund ID belongs would get displayed here.
Fund Type	The fund type to which the fund ID belongs would get displayed here.
Share Name	The share name would get displayed here for the share id mentioned.
Share type	The share type to which the share id belongs would get displayed here.
Account Code	The account assigned to the mutual fund/ share would get displayed here.
Cost Center	The cost center details can be captured here.
Analysis Code	The analysis code details can be captured here.
Sub Analysis Code	The sub analysis code details can be captured here.

Click the “Create” push button to save the entered details.

The login id of the user gets updated under “Created By” and the date of creation under “Created Date” on click of “Create” push button for the first time.

The login id of the user gets updated under “Last Modified By” and the date of modification under “Last Modified Date” on click of “Create” push button from the second time onwards.

The status of the document turns into “Fresh” status.

Click the “Edit” push button to edit the entered details.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document remains the same.

Click the “Delete” push button to delete the entered details in fresh status.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document turns into “Deleted”.

Click the “Authorize” push button to authorize the entered details.

The login id of the user gets updated under “Modified By” and the date of modification under “Modified Date” on click of “Edit” push button.

The status of the document turns into “Authorized” depending on the Pay Mode selected.