Posting the Payable Reclass

After the setup is complete, the provision is posted on the child unit level. Review the provision amounts originally posted at the child level for accuracy. Then click the Recalc Payable Reclasses menu option (located in Data Input > Dataset in the Provision dataset).

 

The reclass uses similar (but different) transaction types to move amounts between entities:

         Provision                Reclass

         CPROV                        CPROV-REC

         RTP                        RTP-REC

         ATR                        ATR-REC

         OTHER                        OTHER-REC

 

The system transfers the provision posting from the child to the parent, keeping the year level and character from the original posting. In addition:

•All payable transactions CPROV-REC, ATR-REC, RTP-REC, and OTHER-REC tagged with a C are removed.
•The system looks to the units that have the PAYRECUNIT unit and/or state level parameters configured and creates new payable transactions that cancel out the CPROV, ATR, RTP and OTHER payable transactions posted by the Payable Auto-posting. (These are type CPROV-REC, ATR-REC, RTP-REC, and OTHER-REC tagged with a C.)
•Additional payable transactions in the target units are created. (These are type CPROV-REC, ATR-REC, RTP-REC, and OTHER-REC tagged with a C).