Received and issued collaterals are recorded by selecting the Customer Collateral or Company Collateral option in the F9/right mouse button menu of the slip lines, and then on the definition window using the following options:
- General Info
- Letter of Guarantee Info
- Mortgage Detail
- Check/P. Note Detail
- Cash Detail
This information can also be viewed and modified using the collateral cards option. The following information is entered on the collateral received or issued window:
Collateral Type: Indicates the type of the received collateral. The collateral types are:
Letter of Guarantee | Used to record collaterals with "Letter Of Guarantee" type. Letter of guarantee details are recorded on the fields under the Letter of Guarantee Info header. |
---|---|
Cash | Used to record collaterals with "Cash" type. Cash details are recorded using the Cash Detail option. |
Check | Used to record collaterals with "Check" type. Check details are recorded using the Check/P. Note Detail option. |
P. Note | Used to record collaterals with "P. Note" type. P. Note details are recorded using the Check/P. Note Detail option. |
Mortgage | Used to record collaterals with "Mortgage" type. Mortgage details are recorded using the Mortgage Detail option. |
Share Certificate | Used to record collaterals with "Share Certificate" type. |
Government Bond | Used to record collaterals with "Government Bond" type. |
Treasury Bond | Used to record collaterals with "Treasury Bond" type. |
Precious Metal | Used to record collaterals with "Precious Metal" type. |
Letter Of Credit | Used to record "Letter Of Credit" type collaterals. |
Other | Used to record collaterals with other types. |
Detailed information for the selected collateral are recorded using the headings on the definition window.
...
Project Code: The project code related to the collateral. Project information is entered on all transactions on the Business Automation System side to create project-based reports and accounting integration. Transactions recorded with GL accounts can be associated to more than one overhead pool. For instance, batch purchases may fulfill the needs of different departments within the company.
In such cases, the distribution method for overhead pools is recorded along with project definitions.
Projects are defined using the Project Cards option in the G/L section.
...
Currency Type: Indicates the currency type with which the collateral is received. This section contains the following options:
- Local Currency
- Reporting Currency
- Transaction Currency
- EURO
...
Description: The general description of the collateral.
Anchor