1. Corporate Accounts User Guide
  2. Corporate Account Transactions
  3. Uncollected Funds Manual Release
  4. Uncollected Funds Manual Release

5.6.1 Uncollected Funds Manual Release

This topic describes the systematic instructions to manually release uncollected funds.

Uncollected funds in a credit transaction refer to the portion of the payment that has not yet been cleared or collected. Similarly, the funds may be held until a float period or until they require manual release. Releasing uncollected funds in such cases can help ensure that the payment is completed smoothly and without any issues.

The Uncollected Funds Manual Release screen allows you to choose whether to release the uncollected funds for credit transactions requiring manual release, or for credit transactions with a float period. Funds can be released before the available date is reached.
  1. Click Corporate Account Services, and under Corporate Account Services, click Uncollected Funds Manual Release.
    The Uncollected Funds Manual Release page displays.

    Figure 5-30 Uncollected Funds Manual Release


    Description of Figure 5-30 follows
    Description of "Figure 5-30 Uncollected Funds Manual Release"

  2. Specify the fields on the screen.

    Table 5-14 Uncollected Funds Manual Release - Field Description

    Field Description
    Account Number Enter the Account Number containing uncollected funds.
    Currency Auto-populates the operating currency of the account.
    Available Date Specify the date the uncollected funds are scheduled to be released.
  3. Click Release.
    A toast message confirms the successful release of the uncollected fund.

Parent topic: Uncollected Funds Manual Release