Process RemittancesLast Updated January 21, 2011 |
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The instructions provided in this section apply to remittances to both tax units and attorneys. Be sure that you have made all necessary adjustments to the remittances before beginning this processing procedure. To process remittances, the following roles and user entitlements should be set in the Tax Collection System. Remittance Screen Roles GLTAXLEDGE_FOUNDATION - Allows access to the TaxLedge database tables. Restrictions are made by removing entitlements to users Remittance Screen Entitlements ACTGL_REMIT – Allows access to the Remit screen GLREQUEST_REMITTANCES - Allows users to see the Process button on the Main Remittance screen Click here to see the areas of the screens covered by these entitlements.
Some units and attorneys may already be checked by default, based on your Jurisdictional Rules. For example, a unit may be checked automatically if the total remittance amount exceeds the minimum amount to remit that is set up in the rules. You can remove these checkmarks if you do not want to remit to those units at this time. Some units that were paid in the tax Collection System may not appear on the Remit screen. Instead, their payments will be included in the totals of another tax unit (for ex. tax unit 2001 is disbursed with tax unit 1216. Only 1216 appears on the screen.) The remittance will be disbursed to the same bank account that is associated with that tax unit. Two separate rows will appear on the Remit screen for some units because the total remit amount is split between the M&O and I&S funds. Based on your Jurisdictional Rules, the money for each fund may be disbursed to different bank accounts. Notes: Contact ACT if you want to change your Jurisdictional Rules. You cannot process remittances for a jurisdiction or attorney that has a negative balance. If you try to check the remit box, you will get a 'You cannot remit negative amount’ message.
Note: If the client preference BANK_ACCT_INFO_REQ is set to N, ACH and wire remittances will be processed even in the bank account information is missing or set to '0'. Otherwise, if the preference is set to Y, a warning message will appear stating that the remittances cannot be processed. The Payment Type will return to what it was before any change to Wire or ACH was made. This preference must be set by ACT.
Notes: If the bank account for any of the jurisdictions has been closed in TaxLedge, you will not be able to process that remittance. A warning message to that effect will appear.
Note: Clicking the Process button in the Remit screen does not produce a check, wire transfer, or an ACH payment. This step occurs in the Check Writer module of TaxLedge. A remittance is considered PAID only when the Check Writer module processing is complete. If a remittance is paid and you then decide it was paid by mistake, it must be voided before being cancelled. An exception to this is that some clients do not use the Check Writer for their ACH remittances; once they are processed in the Remit screen, they are considered paid. |