Reversing interest allocations

Use this procedure to reverse the interest amount by copying the original journal entry for an interest allocation.
  1. Select Processing > Journal > Journals.
  2. Select the interest allocation journal entry to copy.
  3. Select Actions > Copy Journal.
  4. Select a copy option of Copy Detail to Transaction Interface. When this copy option is selected, the system code and the event code values are retained. These values are required to update the interest amount in a custodial record.
  5. Select the Reverse Amounts check box.
  6. Complete the form.
    See Copying detail to transaction interface.
    The interest allocation transaction is reversed and the system code CA and the event code INT values are retained.