SAM110083 - Repayments: issue repayment: cancelling / amending a freestanding credit (Action Guide)

When a freestanding credit on the SA record is to be cancelled or amended, or the EDP of the credit is to be amended, follow steps 1 - 5 below. The guide is presented as follows

Cancelling a freestanding credit Steps 1 - 3
Amending a freestanding credit Steps 4 - 5

For details of how to access any of the SA functions, select ‘Index Of Functions’ on the left of the screen.

Note: If a return for 2001-2002 or later years is unlogged, any freestanding credit created automatically from that return will be cancelled automatically by the computer system.

Cancelling a freestanding credit

1. Use function VIEW STATEMENT to
 
  • Select the statement showing the freestanding credit
  • Enter the line number on which the freestanding credit appears in the Select Line field, and
  • Select the [View] button. You will then be taken to function CANCEL FREESTANDING CREDIT
2. In function CANCEL FREESTANDING CREDIT
 
  • Select the [Cancel] button. The credit previously entered on the SA record will be cancelled
  Note: This will reverse any previous allocation where the original credit was allocated to a charge or repayment
3. Use SA function MAINTAIN SA NOTES to enter a brief note recording the fact that the freestanding credit has been cancelled

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Amending a freestanding credit

4. If you want to amend either a manually created or automatically created freestanding credit
 
  • Follow steps 1 and 2 above to cancel the original credit
     
    And
 
  • Use function CREATE FREESTANDING CREDIT to enter the revised details
5. Use SA function MAINTAIN SA NOTES to enter a brief note recording the fact that the freestanding credit (amount and / or EDP) has been amended

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