Escheating Individual Payments

This section discusses how to escheat a payment.

Page Used to Escheat Individual Payments

Page Name	Definition Name	Usage
Payment Escheatment Page	PYMNT_ESCHEAT	Escheat payments.

Payment Escheatment Page

Use the Payment Escheatment page (PYMNT_ESCHEAT) to escheat payments.

Navigation:

Accounts Payable, and then Payments, and then Cancel/Void Payments, and then Escheat Payment, and then Payment Escheatment

This example illustrates the fields and controls on the Payment Escheatment page. You can find definitions for the fields and controls later on this page.

Field or Control	Description
Action	Select to run one of the following on-demand processes after you have marked and saved the escheatment. This creates the necessary reversal accounting entries. 1. Payment Post: Selecting this option runs only the Payment Posting process. 2. Journal Generate: Selecting this option runs the Payment Posting process and then the Journal Generator process. See Payment Escheatment.

Payment Status

Field or Control	Description
Escheated	Select to classify the payment as escheated. The Date Escheated field becomes available for entry.
Stale Dated Payment	Select to classify the payment as stale-dated. The Stale Date field becomes available for entry.
Undo Escheatment	Select to remove the escheatment classification.

Cancel Action

Field or Control

Description

Escheated

When you select Escheated in the Payment Status group box, the system selects the Escheated option in the Cancel Action group box. The Payment Posting process creates accounting entries that reverse the cash entries to an escheatment liability account, which you predefine on the Accounting Entry template. Note: The system uses the escheatment date to compare to the effective date of the Accounting Entry template and then selects the active template.