A.2.28.1 Processing with Combination of Transaction Parameters

Refer to the below table to know how system processes the rescission transaction with the combination of above parameters.

Table A-123 Rescission Transaction to Void Account

PROCESS MASTER ASSOCIATED ACCOUNTS	PROCESS SAME SALES ORDER ACCOUNTS	PROCESS SAME AGREEMENT NUMBER ACCOUNTS	PRIORITY
N	N	Y	Transaction is posted to accounts which are having same agreement number. If there is no Agreement # found on account where this transaction is posting, system displays an error.
N	Y	N	Transaction is posted to accounts which are having same Sales Order number.
Y	Y	Y	Transaction is posted to accounts based on Process Master Associated Accounts parameter ignoring the other two parameters.
Y	N	N	Transaction is posted to accounts based on Process Master Associated Accounts parameter.
Y	Y	N	Transaction is posted to accounts based on Process Master Associated Accounts parameter ignoring the Process Same Sales Order Accounts parameter.
Y	N	Y	Transaction is posted to accounts based on Process Master Associated Accounts parameter ignoring the Process Same Agreement #Accounts parameter.
N	Y	Y	Transaction is posted to all those accounts having same Sales Order number and same Agreement number.

Click Post.

On posting the transaction, system posts REVERSE ACTIVE transaction along with following changes:

• Account status is marked as VOID in Transaction History > Transactions tab
• Corresponding Application status is marked as VOID
• All the Good Transactions on to the account are reversed.

A comment is posted on rescission account in the format RESCINDED ON <DATE> FOR THE <REASON> AND <COMMENT>.

Note:

If rescission transaction is posted on Traded accounts, system automatically performs certain actions on existing (old) account and new accounts. For more information, refer to Trade Reversal/Rescission and Charge-off of Account section in Appendix: Trading of Accounts chapter.