Adjusting and reversing pledge payments

You can use the Pledge Reversal window to:

  • reverse payments to a pledge
  • move payments from a pledge to the debtor account.


 Opening the Pledge Reversal window

To open the Payment Creation window:

  1. Select Module > Debtors > Cash Receipts Entry from the main menu.
    The Select Cash Receipts to Process window is displayed.
  2. Select an existing posting.
  3. Click .
    The Payment Detail tab of the Cash Receipts Entry window is displayed.
  4. Select the Enable Quick Entry Popup field.
  5. Select a Drawer.
    The Payment Creation window is displayed.
  6. Click .
    The Pledge Reversal window is displayed.

Pledge Reversal window key fields



Pledge Amount

Total amount pledged.

Allocated Amount

Amount received against the pledge.

Reverse Single Instalment

Select to reverse the last instalment of the pledge.

Reverse Allocated Amount

Select to reverse the Allocated Amount of the pledge.

Reverse Other Amount

Select to type in the amount to reverse.
Note: It is not possible to reverse a negative amount.

Adjust Pledge Amount

Select to type in a new Pledge Amount.
Note: If the pledge amount is reduced, the original pledge amount is stored on the pledge record.

Adjustment Comment

Add a comment for the pledge adjustment.
Note: This field is not editable unless Adjust Pledge Amount is selected.

Transfer Reversed Amount to Debtor Account

Select to transfer the amount of the reversed pledge to the debtor account. Otherwise, the reversed amount is unallocated.