Copy Forward a Cash Receipt to Reclassify

The Cash Receipt transaction type has unique copy forward capabilities to correct an initial transaction with a subsequent transaction in lieu of modifying the initial transaction. This feature is not applicable for every implementation, so testing it with the deposit reconciliation processes and procedures in place along with collection reporting should be done before implementing.

When a Cash Receipt transaction is copied forward to another, it performs a liquidating reference of the original receipt and uses the COA Precedence settings on Transaction Control just as the receipt does when referencing a receivable. For this reason, the second transaction is often a different transaction code from the first so that configurations can be different for referencing rules and available accounting events. At a minimum the second transaction code should always require a reference, which is something that the main Cash Receipt transaction code does not typically require.

A further step in this scenario would be the need to reference a receivable that should have initially been referenced. This scenario necessitate the new accounting line to reference the receivable and the non-accounting event type on the accounting line referencing the initial cash receipt.

The following should be noted about the copy forward:

This action assists end users so that they do not have to clear those three fields on the second transaction. The failure to clear the Accounting Template may result in cleared COA field re-inferring. The failure to clear the BSA and Sub BSA fields will result in updates to the Balance Sheet Balance pages. Such updates are not desired when trying to liquidate the same updates made from the original transaction and when using a non-accounting event type. It is strongly recommended that the non-accounting even type prohibit the BSA field with Event Type Requirements.