1. Lease Servicing User Guide
  2. Batch Transactions
  3. Advances
  4. Advance Maintenance Tab
  5. Reversing Advance Transactions

16.2.2.2 Reversing Advance Transactions

To reverse an individual advance transaction
  1. On the Oracle Financial Services Lending and Leasing Application home screen, click the Servicing > Servicing > Batch Transaction > Advances > Advance Maintenance.
  2. In the View Options section, click Posted.
  3. In the Advances section, select the advance you want to reverse and click Edit.
  4. In the Action section, click Reverse.
  5. In the Details section, complete the Reason field (if you choose). You need not have to update any other fields when reversing a transaction.
  6. Click Save And Return.

The system reverses the original advance.

The reversed advance can be viewed when you load the account on Customer Service screen from Customer Service screen’s Transaction screen.

Parent topic: Advance Maintenance Tab