How to Perform After Action for a Posted Deposit without a Reversal
50 steps
5 minutes
1
Navigate to Brokerage Engine.
This Transaction was paid to the Agent by Electronic Transfer and at Brokerage. The After Action Function can only be performed once. Additionally, when this transaction was closed, the deposit was posted to the Bank Register.
Search for the Transaction
2
Click "Transactions" to search for the transaction to adjust.
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Click "Closed"
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Click "Search"
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Click this text field to search by address.
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Click "Search"
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Click the "Action" button to open the transaction page.
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Click "Commission Detail"
Revoke Transaction
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Click "Revoke"
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Do not click on the checkbox for the Reversal Journal Entry and click "OK"
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Click "OK"
Reopen the Transaction
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Click "Toggle Dropdown" to reopen the transaction.
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Click "Reopen"
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Click "OK"
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Click "OK"
Modify the Transaction
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In this case, we will add a referral to an outside company by clicking on the "Referral" button.
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Click here.
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Select a referring brokerage from the dropdown menu.
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Click this number field to add the rate for the referral.
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Click "Save" once the referral information has been inputted.
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Click "OK"
Reclose the Transaction
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Click "COMMISSION_VERIFIED"
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Click "OK"
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Click "CDA_SENT"
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Click "OK"
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Click "TITLE_PAYMENT_RECEIVED"
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Click "OK"
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Click "Upload to Accounting"
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The Post Date for Funds should be the same date as the original deposit. Once selected, click on the "OK" button to reupload to Accounting.
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Click "OK"
After Action
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The After After Action Checklist will appear. Select the corresponding checkbox to prompt the system to automatically remove any newly created unbatched payments from the EFT payments in the Work Queue.
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Click the checkbox for the system to link the now lower bill amount to the higher bill payment already distributed to the Agent.
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Selecting this checkbox will create an overpayment invoice for the Agent, to cover the Referral amount.
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Click "Process"
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Click "OK"
Verify the Journal Entries
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Click "Accounting"
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Click "Journal Entries"
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Click the "Search Ref No." field to display the Journal Entries associated with the transaction to verify them.
Review the Transaction in the Agent's Vendor and Customer Profiles
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Click "Vendors" to verify that the Bill and the Bill Payment are correct.
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Click the "Search Vendor" field to locate by typing the Agent's name.
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Click the "Action" button.
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Click "Transaction List"
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The Bill and the Bill Payment have linked correctly.
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Click "Customers"
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Click the "Search Customer" field to locate by typing the Agent's name.
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Click this link.
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Click "Transaction List"
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We can now see the Invoice for the Overpayment Amount.
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Click here to view the Invoice.
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The Invoice will display.
The amount being tracked for 1099 will be reduced by the Overpayment Invoice.
