How to Perform After Action Paid at Title for a Transaction Deposited with a Reversal | Scribe

    How to Perform After Action Paid at Title for a Transaction Deposited with a Reversal

    • 54 steps |
    • 6 minutes
      1
      Navigate to Brokerage Engine.
      alert ordinal icon
      This Transaction was paid to the Agent at the Title Company. Additionally, when this transaction was closed, the deposit was sent to Undeposited Funds and then recorded. The After Action Function can only be performed once.
      information ordinal icon
      The Title Settlement Clearing Banking Account must be configured on Brokerage Settings to be able to perform After Action Paid at Title.
      2
      The deposit for the transaction.

      Search for the Transaction

      3
      Click "Advance Search"
      4
      Type at least 4 characters and click "Search"
      5
      Click the Action button to navigate to the transaction.

      Revoke and Reverse the Transaction

      6
      From the Commission Click "Revoke"
      7
      Click "Create Reversal Journal Entry"
      information ordinal icon
      It is recommended to create Reversal Journal Entries only for transactions closed during an accounting period that has been locked.
      8
      It is suggested that the Reversal Post Date be the same date that the transaction was first uploaded to Accounting, for easier reconciliation.
      9
      Click "OK"
      10
      Click "OK"

      Reopen the Transaction

      11
      Click the arrow to display the dropdown menu.
      12
      Click "Reopen"
      13
      Click "OK"
      14
      Click "OK"