Repayments: issue repayment: cancelling / amending a freestanding credit (Action Guide)
When a freestanding credit on the SA record is to be cancelled or amended, or the EDP of the credit is to be amended, follow steps 1 - 5 below. The guide is presented as follows
|Steps 1 - 3|
|Steps 4 - 5|
For details of how to access any of the SA functions, select ‘Index Of Functions’ on the left of the screen.
Note: If a return for 2001-2002 or later years is unlogged, any freestanding credit created automatically from that return will be cancelled automatically by the computer system.
Cancelling a freestanding credit
| 1. | Use function VIEW STATEMENT to | || | | * Select the statement showing the freestanding credit * Enter the line number on which the freestanding credit appears in the Select Line field, and * Select the [View] button. You will then be taken to function CANCEL FREESTANDING CREDIT | | 2. | In function CANCEL FREESTANDING CREDIT | | | * Select the [Cancel] button. The credit previously entered on the SA record will be cancelled | | | Note: This will reverse any previous allocation where the original credit was allocated to a charge or repayment | | 3. | Use SA function MAINTAIN SA NOTES to enter a brief note recording the fact that the freestanding credit has been cancelled |
Amending a freestanding credit
| 4. | If you want to amend either a manually created or automatically created freestanding credit |
| | * Follow steps 1 and 2 above to cancel the original credit
And | | | * Use function CREATE FREESTANDING CREDIT to enter the revised details | | 5. | Use SA function MAINTAIN SA NOTES to enter a brief note recording the fact that the freestanding credit (amount and / or EDP) has been amended |