Completing pending transfers

When the details of pending transfers are displayed all the requested transfers which make up the payment amount are shown, e.g. a pending transfer may have more than one transfer from the same account. In order to complete transfers the entries must be selected - individually or en masse - then the payment and receipt details entered, e.g. payment type, payee, etc.

To complete a pending transfer:

1. In the Pending Transfers window, select the transfers to complete. Selected entries are indicated by an asterisk (*) in the left-hand column.

• To select an entry, highlight it and click Select or double-click it.

• To select all entries, click Select All.

• To deselect an entry, highlight it and click Deselect or double-click it.

• To deselect all entries, click Deselect All.

2. On the Details tab, enter the payment date.

3. Enter the payment details.

   • Payment type. Sets the payment type for the transfer, e.g. Composite Cheque. Can be typed or found using the lookup.

   • Payment reference. Allows you to enter a payment reference for the person making the payment.

   • Payee. Allows you to enter the name of the person receiving the payment.

4. Enter the receipt details.

   • Payment type. Sets the payment type for the transfer, e.g. Composite Cheque. Can be typed or found using the lookup.

   • Payment reference. Allows you to enter a payment reference for the recipient.

   • Payer. Allows you to enter the name of the person making the payment.

5. Click Complete. You are asked to confirm.

6. Click Yes to continue. The payment is completed and removed from the Pending Transfers tab.

Notes

• The payment date must always reflect the date that the transfer was made at the bank, otherwise the bank reconciliation will be affected.

• The following composite payment types allow you to post a batch of transfers using a single payment method and easily reconcile it against your bank statement. These are available under Payment, in the Payment type lookup.

• CCDTFR (Composite Client Debit Transfer); maps to CCCTFR

• CCHAPSP (Composite Bank to Bank); maps to CCHAPSR

• CTTP (Composite Telegraphic Transfer); no default mapping

• CC (Composite Cheque); maps to BCR

• MCC (Manual Composite Cheque); maps to BCR

In addition, the following receipt composite payment types are also available under Receipt, in the Payment type lookup. These automatically map to the corresponding payment type above, e.g. if CCDTFR is selected, then the receipt payment type defaults to CCCTFR. However, these defaults can easily be changed manually.

• CCCTFR (Composite Client Credit Transfer)

• CCHAPSR (Composite Bank to Bank)

• CTTR (Composite Telegraphic Transfer)

• BCR (Batch Credit)

• CASH (Cash Receipt)