Return to Customer: Used when NSF checks will be returned to the customer. In such cases, the debit note is issued automatically.
Collection from Portfolio and After Endorsement: Used when the checks or promissory notes that are endorsed or in portfolio will be collected.
Collection at Bank: Used when the checks or promissory notes issued to the bank for collection will be collected. The Bank Clearing Checks are used to issue bank slips between AR/APs.
NSF in Portfolio / Protested in Portfolio: Used when the checks or promissory notes in portfolio are NSF or protested.
NSF at Bank / Protested at Bank: Used when checks or promissory notes issued to bank for collection or as collateral are NSF or protested. The Bank Transaction Slip is generated automatically in both cases.
Return from Customer to Portfolio: Used when endorsed checks or promissory notes will be returned.
Return from Bank to Portfolio: Used when checks or promissory notes issued to bank for collection or as collateral will be returned to the portfolio. The Bank Transaction Slip is generated automatically.
Protested (P. Notes), NSF (Checks) return from Customer: Used when NSF checks or protested promissory notes endorsed to the AR/AP will be returned to the portfolio. The AR/AP transaction slip is generated.
Collection after Endorsement: Used when endorsed checks or promissory notes are collected.
Irrevocable: Used when customer checks or promissory notes can not be collected.
The status changes in company checks and promissory notes are:
Return from Customer: Used when company checks and promissory notes are returned by the customer.
Collection at Customer: Used when company checks or promissory notes are collected by the customer.
Protest at Customer: Used when company promissory notes are bounced by the customer.
Irrevocable: Indicates that the company promissory notes cannot be collected.
Collection at Bank: Indicates that the company promissory notes issued to the AR/AP is paid at the bank.
Slips generated after status changes performed with group processing slips are tracked on the AR/AP transactions and bank transactions fields of the related group processing slip window.