Page History

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• Financial Account (NOTE: This is completed by default when you create a financial account)
• Roles
• Transactions
• Authorisations

Authorisations

An authorisation is a temporary transaction showing a committment to take money from a financial account. It is like a 'transaction in progress' where there can be delay between when you buy something and the time it actually appears on your statement. (NOTE:This could be very useful in ensuring that customers are not overcommitted and keeping within their approved credit limits.)

Authorisations can be time limit specific meaning that they can be controlled by entering a start and end date so that they are only valid for a certain length of time. They can also be expired. When an authorisation is expired it removes the committment from the financial account. The history of expired authorisations are shown on the financial account.

NOTE TO CHECK: What happens if an authorisation makes the available balance go negative but actual balance is still positive as transaction is not yet fully processed....???

Example: To enter an authorisation

1. Enter an amount in the 'Amount' field (Eg 1000)
2. Leave the 'Currency' field blank as the default currency will be used
3. Enter a date in the 'Authorisation Date' field
4. Leave the 'From Date' field blank
5. Leave the 'Thru Date' field blank
6. Press the 'Add' button

NOTE: When you now view the Financial Account detail the 'Actual Balance' and 'Available Balance' fields will be different.

Example: To expire an authorisation

1. Select the 'Authorisations' tab for the Financial Account
2. Any authorisations will be displayed at the bottom of the screen
3. If the authorisation is still current the 'Thru Date' field will be blank (NOTE TO CHECK: May not always be true as you can specify a future date for it to expire......!!!)
4. Select the 'Expire' button next to the authorisation to be expired
5. The authorisation is removed from the financial account and the screen is redisplayed with the 'Thru Date' field completed

How to I update a financial account?

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