12.1 Release Track Receivable

This topic describes the systematic instructions to release the amount tracked against the receivables due. This increases the available balance in the account since the amount is released, and customers can utilize the amount for other priority transactions.

The Release Track Receivable screen helps the user view receivable due transaction details and release the amount tracked against the due amount.

1. On the Homepage, from Account Services, under Track Receivables, click Release Track Receivable, or specify the Release Track Receivable in the Search icon bar.
   Release Track Receivable screen is displayed.

   Note:

   The fields which are marked in asterisk blue are mandatory fields.

   Figure 12-1 Release Track Receivable

   
   Description of "Figure 12-1 Release Track Receivable"
2. On Release Track Receivable screen, specify the account number.
   Release Track Receivable details for account is displayed.

   Note:

   The system displays the message Track receivable not available for the account if no record is available for a selected account for release.

   Figure 12-2 Release Track Receivable for Active Account

   
   Description of "Figure 12-2 Release Track Receivable for Active Account"
3. On the Release Track Receivable screen, specify the fields.
   For more information on fields, refer to the field description table.

   Table 12-1 Release Track Receivable - Field Description

   Field	Description
   Account Number	Enter the Account Number or click the search icon to view the Account Number pop-up window. By default, this window lists all the Account Numbers present in the system. You can search for a specific Account Number by providing Customer ID, Account Number, or Account Name and clicking on the Fetch button. When users enter the account number, the customer information is displayed.
   Account Name	Account Name is displayed based on the account number selected.
   Account Currency	Account Currency is displayed based on the account number selected.
   Receivable Due	The system displays the total receivable due against the account.
   Receivable Available	The system displays the total amount tracked to settle the receivable due amount.
   Releasing Amount	The system displays the total amount selected for release. When the user selects the record for release, the system updates the releasing amount.
   Release All	Users can enable the Release All toggle button to select all records for release track receivable and vice versa.
   Booking Date	The system displays the date on which the track receivable record is created.
   Reference Number	The system displays the contract reference number of the track receivable record.
   Product	The system displays the Product description of the track receivable record.
   Component	The system displays the component code of the track receivable record.
   Receivable Due	The system display the receivable due amount for the component.
   Receivable Available	The system displays the amount which is tracked against the receivable due.
   Release	Users can enable the toggle button to select the record for release track receivable.

4. Click the Submit button to submit the record for release.

   Note:

   On submitting, the system validates whether the user selected any record for release; else, the system displays the error message Record not selected for release.