Record Trust Receipt Redemptions

This activity allows you to redeem the payments made through trust receipts. This activity allows you to search supplier payment / prepayment voucher documents for which payments has been made through trust receipt credit. These documents are fetched for repayment of the trust receipt loan.

Select the “Record Trust Receipt Redemptions” activity under the “Trust Receipt” business component.

The “Record Trust Receipt Redemptions” page appears.

Enter the following fields:

Redemption No.	The unique number identifying the redemption processing batch (Alphanumeric, 18). This number will be automatically generated if the “Numbering Type” not set to “Manual”. The number is displayed with the corresponding prefix and suffix of the numbering type selected in the “Numbering Type” field. The number is incremented from the last number available in the “Document Numbering Class” business component.
	Help facility available.
Finance Book	Use the drop-down list box to select the finance book in which payment voucher / prepayment voucher with trust receipt check box checked during creation.
Status	The status of the redemption processing batch number. The status can be Fresh / Deleted / Authorized / Reversed.
Redemption Date	The date of the redemption processing batch number.
Numbering Type	Use the drop-down list box to select the numbering type for the login organization unit and the “Trust Receipt Redemptions” 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.
Bank Code	Use the drop-down list box to select the bank code for which the payment voucher / prepayment voucher with trust receipt check box checked has been created. The combo is loaded with the bank codes for which trust credit limit is specified.
Bank Currency	The bank code currency.
Exchange Rate	The exchange rate between the bank currency and the base currency of the company. If the bank code currency and the base currency are the same then “1” is displayed.

Enter the following fields in the “Search Criteria” group box:

Transaction OU	Use the drop-down list box to select the organization unit. The combo is loaded only with login organization unit, if the centralized trust receipt processing is set to “No” and with all the organization units of the company is set to “Yes”.
Transaction Type	Use the drop-down list box to select the transaction type for which trust receipt payment is to be redeemed. The combo is loaded with “Payment voucher”, “Prepayment Voucher” and “All”.
Trust Receipt Due Date From	The starting date in the range of dates identifying the transactions due date that you want to retrieve.
To	The ending date in the range of dates identifying the transactions due date that you want to retrieve.
Transaction No. From	The starting number in the range of numbers identifying the transaction that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves all the transactions that are similar to the value entered here.
To	The ending number in the range of numbers identifying the transaction that you want to retrieve (Alphanumeric, 16). You can enter the number in full or specify it partially using the “*” character. The system retrieves all the transactions that are similar to the value entered here.
Transaction Date From	The starting date in the range of dates identifying the transaction date that you want to retrieve.
To	The ending date in the range of dates identifying the transaction date that you want to retrieve.
Supplier Code From	The starting code in the range of codes identifying the supplier on whom the transaction that you want to retrieve has been raised. You can enter the code in full or specify it partially using the “*” character. The system retrieves all the vouchers that have suppliers similar to the value entered here.
	Help facility available.
To	The ending code in the range of codes identifying the supplier on whom the transaction that you want to retrieve has been raised. You can enter the code in full or specify it partially using the “*” character. The system retrieves all the vouchers that have suppliers similar to the value entered here.
	Help facility available.

Click the “Get Details” pushbutton to retrieve the search results.

The system retrieves and displays the following in the “Redemption Details” multiline based on the search criteria entered:

The system displays the following fields:

Transaction OU	The organization unit in which the transaction has been created.
Transaction Type	The nature of the transaction as to payment voucher / prepayment voucher.
Transaction No.	The unique number identifying the transaction.
Transaction Date	The date on which the transaction has been created.
Supplier Code	The supplier code to which the payment /prepayment voucher belongs.
Supplier Name	The name of the supplier to which the payment /prepayment voucher belongs.
Transaction Currency	The currency in which the transaction has been created.
Outstanding Amount	The outstanding amount against the payment / prepayment voucher under trust receipt credit yet to be repaid to the bank
Redemption Amount	The current redemption amount against the payment / prepayment voucher under trust receipt credit
Computed Interest	The interest amount computed for the trust receipt loan from the pay date till the redemption date.

Note: In case of partial redemption, interest will be computed from the previous redemption date till current redemption date.

Applied Interest	The corrected interest amount which is to be repaid along with the trust receipt loan amount (redemption amount)
Tenure for Interest Computation (Days)	The number of days between the pay date of the payment / prepayment voucher and the redemption date for which interest is being computed (both days inclusive)
Trust Receipt Due Date	The current trust receipt due date for the payment / prepayment vouchers.
Cost Center	The code identifying the cost center that has been mapped to the interest account (Alphanumeric, 10). The cost center must have been defined in the “Create Cost Center Element” activity of the “Cost Setup” business component.
	Help facility available.
Analysis Code	The analysis code to which the interest account is mapped to in the “Assign Analysis Code” activity of the “Account Based Budgeting” business component (Alphanumeric, 5).
	Help facility available.
Sub Analysis Code	The sub analysis code to which the analysis code is mapped to in the “Assign Sub Analysis Code” activity of the “Account Based Budgeting” business component (Alphanumeric, 5).
Remarks	Any remarks of the redemption.

Click the “Compute” pushbutton to calculate the computed / applied interest amount.

The system calculates the computed interest amount for the payment /prepayment voucher selected and displays the same in computed and applied interest columns.

The system displays the following fields in the “Payment Voucher Information” group box:

Voucher No.

The auto generated sundry payment voucher.

Enter the following in the “Payment Voucher Information” group box:

Voucher OU	Use the drop-down list box to select the organization unit in which the payment voucher to be generated. The voucher organization unit combo is loaded with the organizations for which component interaction available between trust receipt and sundry payment component and mapped to the selected finance book.
Numbering Type	Use the drop-down list box to select the numbering type for the voucher organization unit and the “Sundry Payment” transaction type.

Note: The “Reversal information” section is displayed only on authorization of redemption number.

Enter the following in the “Reversal Information” group box:

Reversal Date	The reversal date of the redemption number.
Remarks for Reversal	Any remarks for reversal of redemption number.

The system displays the following fields in the “Reversal Information” group box:

Receipt No.

The auto generated sundry receipt voucher.

Enter the following in the “Reversal Information” group box:

Receipt OU	Use the drop-down list box to select the organization unit in which the sundry receipt voucher to be generated. The receipt organization unit combo is loaded with the organization units for which component interaction available between trust receipt and sundry receipt component and mapped to the selected finance book.
Numbering Type	Use the drop-down list box to select the numbering type for the voucher organization unit and the “sundry receipt” transaction type.

Click the “Save” pushbutton to create the redemption number.

The system updates the status of the redemption number to “Fresh”.

Click the “Save and Authorize” pushbutton to authorize the redemption.

The system creates the voucher and updates the status to “Authorized”.

Click the “Delete” pushbutton to delete redemption number.
Click the “Reverse” pushbutton to reverse redemption number.

The system displays the following fields:

Created By	The login ID of the user who created the redemption number.
Created Date	The date on which the redemption number is raised.
Last Modified By	The login ID of the user who modified the redemption number.
Last Modified Date	The date on which the redemption number is last modified.

To proceed, carry out the following

Select the “View Trust Receipt Redemption” link at the bottom of the page to view the trust receipt redemptions.

Prerequisites

4 Installation parameter trust receipt applicability to be set as ‘yes’

4 Trust receipt limits to be specified for the bank code

4 Payment voucher / prepayment voucher in paid status with payment through trust receipt check box checked