Return of ACH DD Receipts - Cancel Processing
You can initiate Cancel for the Return of ACH DD Receipts from any
of the below Exception Queues:
- Business Override Queue
- Sanctions Check Queue
If Return of ACH DD Receipts is canceled, you can post the accounting to Return GL. If the Return GL is not maintained in ACH Credit Receipts preferences, accounting for cancellation cannot be posted. An information message is displayed on save of Cancel operation as below:“Return GL is not maintained for the Network in ACH Debit Receipts preferences. No accounting is posted on Return transaction cancellation”
Auto cancellation of Return transaction as a result of custom layer Return days
validation or manual cancellation of the Return transaction from BO queue
follows the below listed processing steps:
- Completion of Sanction screening of Return transaction, if SC is applicable for the Network and Source
- Return accounting:
Event Dr/Cr Account Account Type Amount Tag ZRDR Dr Return GL GL Return Amt ZRDR Cr Clearing Suspense GL Return Amt ZRDR Dr Clearing Suspense GL Return Amt ZRDR Cr Network Clearing GL / Derived Settlement Account GL / Account Return Amt - Mark Return transaction as canceled and Original transaction as 'Return Canceled'
If the cancel is initiated from SC Queue, sanctions are not done again.
Note:
If Return transaction of ACH DD Receipt is canceled, further operations on a canceled Return transaction has to be manually controlled. The debit posted in Return GL has to be manually reconciled.Parent topic: Processing of Auto/Manual Returns