1. ACH Credit Transfer User Guide
  2. ACH Credit Receipts - Return Processing
  3. Cancel Processing

Cancel Processing

It is possible to Cancel Return of ACH CT Receipts from any of the below Exception Queues:
  • Business Override Queue
  • Sanctions Check Queue

If Return of ACH CT Receipts is cancelled, it is possible to post the accounting to Return GL. If the Return GL is not maintained in ACH Credit Receipts preferences, accounting for cancellation is not posted. An information message is displayed on save of Cancel operation as below:

“Return GL is not maintained for the Network in ACH Credit Receipts preferences. No accounting will be 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
    YRCR Dr Clearing Suspense GL Return Amt
    YRCR Cr Return GL Return GL Return Amt
  • Mark Return transaction as cancelled and Original transaction as 'Return Cancelled'
    If the cancel is initiated from SC Queue, sanctions are again done based on Sanction retry days.

    Note:

    If Return transaction of ACH CT Receipt is cancelled, further operations on a cancelled Return transaction are manually controlled.

Parent topic: ACH Credit Receipts - Return Processing