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Documentation > MAC-PAC Reference and Help > Reference File Categories > REMITTANCE TYPES

Function Select

RFF48S01 - Function Select
WILLIAMS                      COMMON FEATURES                        12/30/92

 DSP01                    REFERENCE FILE CATEGORY F48           FUNCTION SELECT

                                                                              

                                                                             

                   Category Name        REMITTANCE TYPES                     

                                                                             

                                                                             

                                        REMIT TYPE(1) LANG CODE(2)           

                   Category Key                                               

                                        XXX                                  

                                                                             

                                                                             

                   Request Code                                              

                                                                             

                                        1 - Add                              

                                        2 - Change                           

                                        3 - Delete                           

                                        4 - Inquire                          

                                                                             

                                                                             

                                                                             

 F2=Command          F3=Exit             F7=End Category     F8=Display List 

 F9=Inquiry

                                                                              

 

 

This category contains descriptions of remittance types.  Remittance types have many functions:  they combine with payment types to specify the way in which payments are sent to the bank (defined in Reference File category F49) and they group payment documents into separate remittance advices and members of the magnetic remittance file.  The also determine what accounting transactions are completed in the Bank Remittance Creation Program (DM520E).

The key to this category is remittance type and language code.  A record with a blank language code must exist for a given remittance type before a record with a non-blank code.

REMITTANCE TYPE

Required.  The type of remittance assigned.  This field is user-defined and is a single character.

LANGUAGE CODE

Optional.  The language code defines the secondary language used for translation.  Must exist on Reference File category D92.

Detail

RFF48S02 - Detail

WILLIAMS                       COMMON FEATURES                        12/30/92

 DSP01                    REFERENCE FILE CATEGORY F48                   INQUIRY

                                                                              

                   Category Name        REMITTANCE TYPES                     

                                                                             

                                        REMIT TYPE(1) LANG CODE(2)           

                   Category Key         E                                    

                                                                             

                                                                             

            DUE DATE ENTRY GENERATION FLAG          RISK FLAG                

       Data N                                           N                    

            Y                                           Y                    

                                                                             

            LONG DESCRIPTION                                                 

       Data DG = N   RK = N   (ED N)                                         

            XXXXXXXXXXXXXXXXXXXXXXXXX                                         

                                                                             

            SHORT DESCRIPTION                                                

       Data DNRN                                                             

            XXXX                                                             

                                                                             

 F2=Command          F3=Exit             F9=Inquiry          F10=Function Select

                                                                             

                                                                              

 

 

The Remittance Types detail screen allows you to assign flags and descriptions to the remittance type you created.

DUE DATE ENTRY GENERATION FLAG

Required.  This flag determines the date of the accounting transaction that recognizes the entry of the payment into the cash account.  In the Bank Remittance Creation Program (DM540E), this flag is used in combination with the risk flag and the payment type code (defined in Reference File category 344) to determine the accounting transactions that are produced.

RISK FLAG

This flag determines whether or not a risk accounting transaction should be generated for a draft payment type.  Must be equal to 'N' (no) if the due date generation flag is 'Y' (yes).

With these two flags (Due Date Generation and Risk), there are three combinations of accounts and transactions dates that can be specified.  The accounts are:

o      Subcategory 06 - Cash Account Money that is in the bank.

o      Subcategory 07 - Drafts Receivable Account Payments Awaiting Remittance Account Drafts which have not been remitted and checks with remittance procedures defined but which have not been remitted.

o      Subcategory 08 - Drafts-in-Transit Account Drafts that have been remitted with a bank entry, but that are not yet due.

o      Subcategory 09 - Draft Risk Account to denote the value of drafts which have been debited to the cash account on the remittance date but for which the payment due date has not been reached.  The dates are:

o      Remittance Date - The remittance creation date.

o      Due Date - The date that the draft is due.

In this table, OS = Y denotes a non-draft payment type, OS = N denotes a draft payment type, DG = denotes due date generation, and Risk:  denotes the risk flag equal to 'Y'.

Flag OS         DG         Credit Account                   Debit Account                    Date

Y                     N            07 - Cks Awtg Remit        06 - Cash                              Remit

N                    Y             07 - Drafts Recv                  08 - Drafts-in-Transit       Remit

                                        08 - Drafts-In-Trnst           06 - Cash                              Due

N                    N            07 - Drafts Recv                  06 - Cash                              Remit

                        Risk:      09 - Risk                               08 - Drafts-In-Trnst           Remit

                        Risk:      08 - Drafts-In-Trnst           09 - Risk                               Due

Combination one would typically be used for standard checks.  Combination two would typically be used for standard drafts.  Combination three would typically be used for drafts that were cashed before their due dates at a discount.

LONG DESCRIPTION

Required.  A user-defined 25-character description of the remittance type.

SHORT DESCRIPTION

Required.  A user-defined short description of the remittance type.