Delete a Netting Settlement
You can delete a netting settlement.
Deleting a Settlement
You can delete a settlement that's in the Selected or Selected no transactions status if you decide that the settlement is no longer required.
To delete a settlement, follow these steps:
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In the Manage Netting Settlements page, Search for the settlement.
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Select the row.
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From Actions, click Delete Settlements.
A warning is displayed that deleting a settlement releases the transactions from the settlement to be available for future netting settlements.
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Click Yes to confirm.
You can no longer see the settlement in the Manage Settlements page.
Reversing a Settlement
You can reverse a settlement that you have created erroneously and is in the Settled status. Settled indicates that the payments and receipts that you have already created.
To reverse a statement, follow these steps:
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In the Manage Netting Settlements page, Search for the settlement.
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Select the row.
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From Actions, click Reverse Settlements.
A warning is displayed that reversing a settlement voids the payments and reverses the receipts. The invoices and transactions from the settlement is then available for future netting settlements.
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Click Yes to confirm.
A confirmation appears indicating that the process to reverse is submitted.
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In the settlement table, Refresh the data.
The status of the settlement changes from Settled to Reversed. This status change indicates that the payments are voided, and receipts are now reversed. A netting reversal letter is then automatically created. You can email this letter or send it to the third party, indicating that the payments and receipts are reversed.