Batch Payment Reversal processing is typically run through End of Period Batch Payment Reversal [U0470]. However, it can also be initiated interactively, without running End of Period. This is done via the Batch Payment Reversal [U0306] update. The Batch Payments, Multiple Banks and Cash Control modules must be purchased.
Requirements for the Batch Payment Reversal input file are described in detail in the Batch Payment Reversal [U0470] update. Each day that Batch Payment Reversals are to be processed, a file with the portfolio number and root name should be created in the data directory. LeasePak automatically deletes the batch payment reversal input file after it completes processing the payment reversals of the portfolio. It is advisable to retain a copy of this input file in a separate directory in case future reference is necessary.
If a user attempts to run Batch Payment Reversal [U0306] while another user is running Batch Payments [U0305] or [U0306], a message will be displayed informing them that Batch Payment Reversal [U0306] is currently locked because another user is running Batch Payments or Batch Payment Reversals.
The Batch Payment Reversal Exception Report [U0306A] and Batch Payment Reversal Audit Report [U0306B] are created by this update when it is run interactively. The format of these reports is identical to those produced by End of Period Batch Payment Reversal [U0470]. Detailed descriptions of the reports appear in the Batch Payment Reversal [U0470] document.
When running Batch Payment Reversal [U0306] interactively, begin by selecting the printer on which reports should be produced. Reports will be ready to print when the batch reversal processing is complete. They will not be produced by End of Period processing if the batch is run interactively.
Should failure occur for any reason while interactive Batch Payment Reversal is running, the exception report will display an error message:
‘THIS PORTFOLIO MUST BE RECOVERED THROUGH INTERACTIVE BATCH PAYMENT REVERSAL’
It will be necessary at that point to run Batch Payment Reversal again interactively.
This screen is used to select the printer destination. Select the printer and click OK.
This screen is used to initiate the Batch Payment Reversal processing from an input file for a Portfolio.
If LeasePak detects another user currently running [U0305] or [U0306], an error message appears:
‘INTERACTIVE BATCH PAYMENT FOR PORTFOLIO < x > IS ALREADY RUNNING.’
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