Collateral Commission Payments option is used to record commission of the Received Collateral (Bank) slips, to perform back payment transactions and to track these transactions historically and by balance. This option is located under the Transactions menu of Finance module.
The Collateral Commission Payment Transactions browser lists "Valid" commission payment transactions, which are generated using the Planned Payments option of the Received Collateral (Bank). The Planned Payments option is located under the Attached Records menu of the Finance module > Transactions menu > Collaterals browser.
Collateral Commission Payments
The "Pay" option, which is available in the F9-right click menu of commission lines in "Open" status, is used to make payment. When fully paid, the relevant transaction line status becomes "Closed".
The Installment Amount and Due Date cannot be changed in Commission Payments window opened by the "Pay" option. However, Capital, BSMW and Stamp Tax amounts of the commission transaction can be changed. The Payment Date field displays the Bank Slip date, and it can be changed if required.
After clicking the "Pay" button, a Bank Slip of Payment type is generated for the commission. The Bank Account of this bank slip will be the account specified in the Commission definition.
The Corresponding Account is the Financial Expenses G/L account that is defined in G/L connection codes of the relevant bank account. In order to save bank slip, the corresponding account G/L account info must be specified.
If commission amount is not paid fully, the remaining amount is paid using the "Pay" option.
After making the payment, bank slips of the relevant commission line can be accessed using the Bank Transactions located under the Info menu of Collateral Commission Payment Transactions browser.