The Automatic Washout form is accessed via Contract Administration / Final Washout / Automatic Washout and also in Terminations / Final Washouts / Automatic Washout.
This option proceeds with a Washout of any contract that is terminated and set to Automatic, provided that:
The Automatic Washout option is applicable for overnight batching in Timed Operations.
The form is split into three areas. These are the Titlebar, the Automatic Washout Dialogue Box and a series of Command Buttons at the bottom of the form.
In addition to displaying the form name the Title Bar provides a number of useful buttons.
This form displays the following two mutually exclusive menu options:
A number of command buttons are available:
Proceeds with the Automatic Washout provided the above conditions are satisfied. The system provides a message stating which of the contracts are being washed out into the Pending File (Ipend) in Contract Administration, ready for onward transmission to the General Ledger.
The system performs a Washout of any value according to the Flag Setting (see System Control) and the Nominal code setting (see Nominal Codes).
Any linked agreements Washout together when the current contract is Washed out.
Aborts the procedure and returns to the Final Washouts Menu.
Provides online access to a context sensitive Help form.