Member Transaction Reversal (3)

Screen ID:

Screen Title:

Panel Number:

TREVTB-03

Account Transaction Reversal

1525

Helpful Resources

Visit Show Me the Steps for easy instructions on how to use CU*BASE to reverse a fee charge to an account and complete other tasks related to account adjustments/reversals.

Screen Overview

This third and final transaction reversal screen alerts you one more time before posting. At this point you can still use F11 to cancel the transaction reversal. If you want to go ahead with the reversal, review the information on this screen carefully.

Use Post (F5) to process the reversal. (If coming from the combined transaction reversal/teller drawer correction system the audit key will be deleted at the same time.)

CU*TIP: Remember that a “reversal” doesn't actually do anything to the original transaction. It simply posts another transaction, this one the “opposite” of the original one. That's why you'll still see the original transaction in account history, and why it is important to consider the impact to a member's running balance when deciding whether or not to “hide” the correction on the member's statement.

NOTE: The "'Print receipt" box will be checked if "Produce receipts via other posting (for any transaction type)" is selected on the Workstation Controls screen. You may uncheck the box if no receipt is needed.

Field Descriptions

Field Name	Description
Suppress transaction from statements	Used to indicate whether or not the original transaction and the reversal should be displayed on the member's statement. See Blocking Transactions from Appearing on Member Statements for important additional information. NOTE: This flag cannot be changed when reversing a transaction from a previous month (to prevent transaction history from being different from the member's statement).
Re-establish fine as outstanding	This appears only if the transaction being reversed was the payment of a delinquency fine. Choose “Yes” if the fine should be added back to the outstanding fine amount for this loan to be collected in the future. Choose “No” to forgive the fine.
Reversal transaction description	If printing the transactions on the member's monthly statement, this field describes the reversal transaction. You may edit this field if desired. The description you enter will also appear in member transaction inquiry screens. NOTE: This flag cannot be changed when reversing a transaction from a previous month (to prevent transaction history from being different from the member's statement). HINT: It will be helpful to establish a policy for using this description field, so that inquiry screens will be clear and helpful to tellers and other personnel dealing with members. One idea is to include a special word or symbol for any transactions which will not be printed on a member's statement. That way, when a teller is speaking with a member, it will be clear which transactions have been included on that member's statement.
Reversal transaction determined as	Because the screen is set up to reverse the effects of a previous transaction, this field simply confirms the type of reversal about to take place. Click for details on the type codes listed here.
G/L Accounts Affected	Both the debited and credited G/L account numbers are listed, showing which accounts will be affected by the reversal. These cannot be changed, as they are the same accounts affected by the original transaction.
Affect on account balance	Shows the current balance of the account, the reversal amount, and adjusted balance after the reversal takes place.