This article describes the fields in the Post Instructed Correspondent Account module.

Overview

This module is to capture the transactions from the invoice/ statement of the correspondent when posting correspondent accounts.
The transactions will not affect the bank account of the firm, but will show as double sided entries against the MAT/DEB and the linked CMT matter.
- This is used for control purposes the same as the Business Creditors module, where invoices can be captured to show on the MAT/DEB to be invoiced to the firms clients, but payment to the correspondent will be made at a later stage on the CMT Account.
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Top Tips

The receipt from the correspondent or payment to the correspondent is posted on the CMT matter to clear the CMT control account to zero.
Do not post the payment or receipt to the MAT/DEB as the transaction was already captured there when the invoice was captured and it will cause duplications on the matter.

#	Field	Description
1	Batch Details	Enter the correspondent number for this batch and the total for the batch. This will stay the same for the entire batch.
2	Account	Enter the account number that you are posting the entry for. If the matter or debtor has not been linked to the COR number before the pop up to confirm the link will show. Click on yes to continue. And complete the link details for the allowance and diarising.
3	Correspondent Matter Details	The linked CMT and MAT/DEB will show here as well as any account information.
4	Invoice Details	Enter the invoice date and the invoice number. Click on reversal if this invoice needs to be reversed only.
5	Invoice Entries	Complete the invoice entries for this MAT/DEB. It is important to select the correct transaction type for allowance and collection commission to be calculated correctly.
6	Save entry / Clear	Save the entry to add it to the list at the bottom of the screen and capture the next entry from section 5 again, until all transactions on the invoice for the matter have been captured. Click on clear if information has been entered in section 5 that does not need to be saved.
7	Edit Invoice entry / Delete invoice entry	Once all the entries has been captured in section 5, they will show in the bottom section. Click on edit invoice entry to edit any of these transactions or to delete a transaction.